Commercial Property for Sale in Coventry Rhode Island 02816
417 Washington St, Coventry, Rhode Island 02816
$2,600,000
Listed Jan 13, 2026
7 acres
Lot
1948
Built
About this property
Commercial Property for Sale in Coventry Rhode Island 02816 is a land for sale in Coventry, Rhode Island, listed at $2,600,000. Key details: year built 1948, lot size 7 acres, property status Normal Sale, building status Existing. Listed by Sam Griffin, CCIM, CBI, NACREP of Gilezan Global Brokered by eXp Commercial on LoopingCloud and last updated January 13, 2026.
This 6.58-acre development opportunity is strategically positioned on the Coventry/West Warwick line, offering a rare combination of immediate cash flow and significant long-term development potential. Zoned for General Business (GB), the site is primed for a variety of commercial or mixed-use projects.
Development & Asset Highlights
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Shovel-Ready Potential: 6+ acres of undeveloped land with existing water and sewer connections already running into the lot from Washington Street.
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Zoning: GB (General Business), allowing for high-impact commercial or professional development in a high-traffic corridor.
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Immediate Income Stream: The package includes a ±0.49-acre adjacent parcel featuring:
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Residential Units: Five (5) one-bedroom apartments.
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Commercial Revenue: Garage rentals and an established on-site business.
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Acquisition Flexibility: Available as a comprehensive 6.58-acre package or as individual parcels to suit specific investment strategies.
Location Logistics
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Strategic Placement: Situated on the border of Coventry and West Warwick, capturing two active local markets.
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Utility Access: Direct access to municipal water and sewer, significantly reducing pre-development hurdles.
Investment Snapshot
| Feature | Details |
| Sale Price | $2,600,000 |
| Total Acreage | 6.58 Acres |
| Zoning | General Business (GB) |
| Income Components | 5 Apartments + Garages + Active Business |
| Utility Infrastructure | Public Water & Sewer connected |
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1948
- Lot Size
- 7 acres
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,600,000 | - | - | - | - |
Location
Address as shown by the lister.
Get directionsAbout this area - Coventry
- Population
- 31,346
- Housing units
- 12,276
- Land area
- 37.3 sq mi
- County
- Kent
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
1 person to reach- Ronald Freeman - ronald.freeman@expcommercial.comLicensed Real Estate Salesperson - RI #RES.0047468 (401) 639-7700
Frequently asked questions
What is the asking price of Commercial Property for Sale in Coventry Rhode Island 02816?
Commercial Property for Sale in Coventry Rhode Island 02816 is listed at $2,600,000.
Where is Commercial Property for Sale in Coventry Rhode Island 02816 located?
The property is in 417 Washington St, Coventry, Rhode Island 02816, Kent County.
What type of property is this?
This is a land for sale in the commercial category.
How big is the property?
The lot is 7 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Sam Griffin, CCIM, CBI, NACREP of Gilezan Global Brokered by eXp Commercial listed this property. Use the Request Info button to send a message or call (502) 640-3622.
When was this listing published?
It was published on January 13, 2026 and last updated on January 13, 2026.
Listing information
- Listing ID
- CL-Rhode Island-2726
- Published
- Jan 13, 2026
- Last updated
- Jan 13, 2026
- Views
- 159
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