2352 Mendon Road, Cumberland, RI, 02864
1950
Core Investment Opportunity! Acquire this a highly stabilized 21,000 +\- SF mixed-use property located in the Cumberland, Rhode Island market. This asset delivers an exceptional Cap 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 possible 7,000 +/- SF retail development opportunity on the adjacent pad, providing a clear mechanism for substantial future Net Operating Income growth. This acquisition represents a unique convergence of stable cash flow, minimal capital risk, and exponential development potential. Interested/qualified parties will have the opportunity to obtain additional information upon request.
Status:
Pending
Type:
Commercial
Units:
0
Zoning:
C-1
Complex:
MENDON
Heating:
Baseboard
Basement:
Full
Parking:
65-car
Est. Taxes:
$15,061
Assessment
$1,148,400
Construction
Frame
Utilities
Water Connected
Amenities:
Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
Days on Market:
51
MLS #:
1397661
Community Info
School Info
Walk Score
Mass Transit
Yelp
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