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2352 Mendon Rd Cumberland, RI 02864

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For Sale
$2,260,000

21,000 SF mixed-use property with development potential.

Lot size:
1.29 Acres

Property Features for 2352 Mendon Rd

General Information

Lot size
1.29 Acres

Building Details

Year built
1950

Source: Greco Real Estate Agent Greco

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Stabilized Mixed-Use Investment Opportunity

This is a 21,000 square foot mixed-use property situated on Route 122, benefiting from C-1 zoning and high traffic counts. The property features a mix of eight commercial and eight residential units. Tenant utility payments are direct. Additional income is generated via a solar array. Capital investments between 2015 and 2025 include roof and parking lot upgrades. The 2.61-acre parcel includes a possible 7,000 square foot retail development opportunity on the adjacent pad.
Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cumberland
County
Providence
State
Rhode Island
Longitude
-71.443718
Latitude
41.957395

FAQs

What type of property is this?
Mixed-use property - 21,000 SF mixed-use property with development potential.
Where is this mixed-use property located?
The property is located at 2352 Mendon Rd Cumberland, RI.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: - High Capitalization Rate on a stabilized, 21,000 SF mixed-use property.; - Value-add opportunity with a possible 7,000 SF retail development on a 2.61-acre parcel.; - Proven revenue model with a balanced mix of 8 commercial and 8 residential units.
More about this property
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