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2011-2013 New London Tpke - AUTO REPAIR,SALES & SALVAGE 7.69 Acres of Commercial Land Offered at $1,200,000 in Coventry, RI 02816
INVESTMENT HIGHLIGHTS
- Right off of New London Turnpike.
- Turn key seasoned auto sales, repair, and salvage business with applicable licenses.
- Easy highway access.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.69 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | R-20 - Residential zoned | ||
| Price | $1,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.69 AC |
| No. Stories | 1 |
| Zoning | R-20 - Residential zoned |
1 LOT AVAILABLE
Lot
| Price | $1,200,000 | Lot Size | 7.69 AC |
| Price Per AC | $156,046.81 |
| Price | $1,200,000 |
| Price Per AC | $156,046.81 |
| Lot Size | 7.69 AC |
There are several opportunities with this lot. All of the utilities are available at the 2 access points from the New London turnpike.
DESCRIPTION
This unique 7.69-acre parcel offers a prime commercial opportunity right off New London Turnpike with easy highway access. The site currently operates as a turnkey auto sales, repair, and salvage business with all applicable licenses in place, and includes a separate shop with equipment. Adding to its versatility, the property features two single-family rental homes—one with two bedrooms and the other with three—providing additional income potential. Zoned R-20, the land is well-suited for mixed-use development, commercial, industrial, or retail purposes. Utilities such as water, sewer, electricity, and gas are available, making this an ideal investment for expansion or redevelopment in a high-visibility location.
PROPERTY TAXES
| Parcel Number | COVE-000016-000000-000022 | Improvements Assessment | $318,800 |
| Land Assessment | $387,400 | Total Assessment | $706,200 |
PROPERTY TAXES
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2011-2013 New London Tpke - AUTO REPAIR,SALES & SALVAGE
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