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1152 1154 Main Street, Coventry, RI, 02816 | $419,900
Prime Waterfront Restaurant and Apartment Property in Coventry: Property Overview: Nestled along the scenic riverfront, this commercial property offers a restaurant or tavern business with both indoor and outdoor bars and two residential units. Restaurant Features: Can accommodate up to 85 guests, making it ideal for both intimate dinners and larger gatherings. Indoor and Outdoor Bars available to serve guests in various settings, complemented by a spacious deck that provides breathtaking views of the river. This venue is perfect for patrons looking to enjoy a meal or drink with a picturesque backdrop. High traffic location, situated across from Dave's Market and Dunkin, ensuring a steady flow of potential customers. Residential Units: Two updated apartments, offering additional revenue streams or on-site living options. 2nd Floor Apartment: One-bedroom (lock-out) with a walk-in closet. 2nd floor tenant to remain in place. 3rd Floor Apartment: One-bedroom open concept with a contemporary design. 3rd floor to be delivered vacant. Kitchen features butcher block countertops with in-unit washer and dryer for added comfort. Parking space lease agreement w/ business lot across the street for tenants and restaurant clientele. Whether you're an investor or restaurateur, seeking a prime location, this waterfront property offers investment potential in a bustling, high-visibility area in the heart of Coventry. Don't miss out on owning a piece of Coventry's vibrant commercial landscape.
Features
- Property Type: Commercial
- Permitted Use: Multi-Family,Mixed Use
- Construction: Frame
- Utilities: Natural Gas Available,Natural Gas Connected,Sewer Connected
- Heating: Forced Air
- Cooling: Central Air
- Units: 3
- Zoning: 04-Combo
- Year Built: 1840
- Acreage: 0.11
- Est. Taxes: $7,400
- View: Water
- MLS#: 1364026
- Website: https://www.raveis.com
/prop/1364026/11521154mainstreet_coventry_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1152 1154 Main Street, Coventry, RI, 02816
$419,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $335,920 | $335,920 | $335,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | $617 | $617 | $617 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,263 | $2,233 | $2,833 |
| Total Monthly Payment | $2,955 | $2,925 | $3,525 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB