446 Tiogue Ave Coventry Ri

SOLD Restaurant for full asking. While keeping the sale confidential to maintain uniformity of employees during the sales process .

Insight

A successful local restaurant was positioned close adjacent to a property positioned on a signaled intersection. Acquiring the adjacent property would give home direct access to the light and square off his property. Need hash tag Natick, mixed use development, off market real estate , creating value.

Strategy

I noticed a bank next door that was not maintaining its property.I cold called restaurant to suggested owner consider purchasing the bank property. The restaurant owner had already made offers to the bank owner but was unsuccessful in completing the deal.

Outcome

I worked with him to put together an unsolicited offer, which resulted in him purchasing the bank property for $300,000 less than his original offer. This acquisition squared off his property, adding additional value to both properties. His property now had direct access to the light and back property had additional parking making it more desirable to potential tenants

Photo Gallery

Before

Nino’s Banquet Hall was located here before the sold in 2014

After

Morse Tavern takes over in the Fall of 2016

We are a Massachusetts based commercial real estate service company providing representation in all aspects of commercial sales and leasing. We offer demographic based solutions, business sense and market knowledge.

COMPANY

6 Sylvester Rd.
Natick, MA 01760

Kelly McGovern – President

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