27
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$2,260,000
Est. payment /mo
1.29 Acres Lot
New
2352 Mendon Rd Cumberland, RI 02864
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73445513
HOA Y/N false
Year Built 1950
Annual Tax Amount $14,091
Tax Year 2025
Lot Size 1.290 Acres
Acres 1.29
Property Description
Core Investment Opportunity! Acquire this a highly stabilized 21,000 +\- SF mixed-use property. This asset delivers an exceptional Capitalization Rate and is positioned on high-visibility Route 122, benefiting from a high traffic count and C-1 zoning. The property features a proven revenue model with a balanced unit mix (8 commercial, 8 residential), tenant-direct utility payments, and additional income streams via a solar array. Recent comprehensive capital investments (2015-2025, including roof and parking lot upgrades) mitigate near-term CapEx exposure. Furthermore, the 2.61-acre parcel offers a significant value-add component: a previously approved 7,000 +/- SF retail development opportunity on the adjacent pad. Interested/qualified parties will have the opportunity to obtain additional information upon request.
Location
State RI
County Providence
Zoning 0040
Direction Route 122
Exterior
Total Parking Spaces 65
Others
Senior Community false
Listed by Greco Real Estate
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