CCertihomes
354 Tiogue, Coventry, RI 02816

$365,000

0 beds 0 baths Built 1933Active

About this home

Long time owner says it is time to Retire! Here is a great opportunity to revitalize a long, well-established local bar and update it to a modern DIVE BAR or SPEAK EASY. This building is a great candidate for outstanding repurposing of this building for a restaurant, cigar bar, private club or maybe an ice cream stand, the list of new possibilities is endless. This is a well-known and standalone building, with a busy traffic count. The building has a total square footage of 2406 sq.ft. The first floor is currently the ongoing bar that operates 7 days a year and is 1522 sq. ft and has a covered patio area for outdoor seating that could make a great firepit area or outdoor kitchen. The second floor has a bathroom and large open area that should be used as a meeting or event room or possibly an apartment for added income or the building owner to live in. This unfinished second floor space is 884 square feet. A large corner lot of approximately 11.325 sq. ft serves as ample parking for this building.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$12,635/mo

Real estate (PITI + HOA + PMI)
$4,922
Principal + interest$2,351
Property tax + insurance$2,434
PMI / 2nd mortgage$137
Utilities
$15,228
Heating + cooling$7,461
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$140
$12,635/mo TLC
Budget$13,135/mo
Remaining after TLC$500/mo
Purchase price
$365,000
Down payment
$18,250 (5%)
Loan amount
$346,750
APR
7.19%

Quick facts

Type
Commercial Sale
Style
Year built
1933
Lot size
Stories
0
Heating
Baseboard, Forced Water, None
Cooling
Water
Common Meter, Connected, Individual Meter, Public
HOA
Annual tax
$7,140
MLS #
1358191
County
Kent

At a glance

Basement

Home features

Interior
Ceiling Height: 7-9 Ft
Sewer
Cesspool

Lot features

Corner, Free Standing, Suburban

Neighborhood — 02816

MetricThis ZIPCountyUSA
Population33,2161,095,423299,088,112
Population Change Since199010.00%9.00%20.00%
Population Density862994
Male16,071529,266147,432,321
Female17,146566,157151,655,844
Never Married6,236266,40463,775,926
Married15,563435,678123,120,365
Separated90343,64212,639,686
Widowed1,88566,66815,467,586
Divorced2,62583,84323,075,029
Number Of House Hold11,968410,399111,826,380
Average House Hold Size2.742.562.60
Medial Age39.3937.2735.46
Median House Hold Income$53,274$47,553$48,276
Average House Hold Income$61,626$61,609$63,629
P C I$22,719$23,965$24,529
M D I$44,836$40,634$41,133
A T H E$50,305$49,940$50,898
S T R7.00%7.00%
W C J79.97%78.02%77.74%
(Zip) Code
2816

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/2/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.