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Published on: Tuesday, January 13, 2026

Updated on: Tuesday, January 13, 2026

About the Lister

Name: Sam Griffin, CCIM, CBI, NACREP

Company: Gilezan Global Brokered by eXp Commercial

Office Phone: 502-640-3622

Cell Phone: 502-640-3622

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6 Acre Development Opp w/Additional Income

417 Washington St Coventry Rhode Island , 02816

Gilezan Global Brokered by eXp Commercial
Listing ID: CL-Rhode Island-2726 Commercial/Land

Purchase Option

Asking Price: $2,600,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): Contact Lister

Net Operating Income: Contact Lister

Quick Glance

Listing ID: CL-Rhode Island-2726

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 1948

Building Size: N/A SqFt

Lot Size: 6.58 Acre

No of Stories: N/A

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Listing Summary

6+ acres undeveloped land zoned GB located on the Coventry/West Warwick line. Water and sewer connections run off Washington Street into the lot.

Complete Details

Year Build: 1948

Building Size: N/A

No of Stories: N/A

Total Lot Area: 6.58 Acre

No of Parking: N/A

No of Total Units: N/A

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

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

Shovel-Ready Potential: 6+ acres of undeveloped land with existing water and sewer connections already running into the lot from Washington Street.
Zoning: GB (General Business), allowing for high-impact commercial or professional development in a high-traffic corridor.
Immediate Income Stream: The package includes a ±0.49-acre adjacent parcel featuring:
- Residential Units: Five (5) one-bedroom apartments.
- Commercial Revenue: Garage rentals and an established on-site business.
Acquisition Flexibility: Available as a comprehensive 6.58-acre package or as individual parcels to suit specific investment strategies.

Location Logistics

Strategic Placement: Situated on the border of Coventry and West Warwick, capturing two active local markets.
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

Additional Links

Other: https://vimeo.com/1004541528?fl=pl&fe=cm
Other: https://www.gilezanglobal.com/listings?propertyId=417-washington-st-coventry-sale
Other: https://www.gilezanglobal.com/
Social: https://www.linkedin.com/in/sam-griffin-exp/

Contacts

Licensed Real Estate Salesperson - RI #RES.0047468: Ronald Freeman - ronald.freeman@expcommercial.com, Phone: (401) 639-7700 ,

Listing Location

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