High-Traffic Shopping Mall
For Sale
Contact for pricing
1764 Mendon, Cumberland, RI 02864
Former physical therapy space in a high-traffic shopping mall near a McDonald's and I-295.
Property Size4,100 SF
Price / SF$0.00
Days on Market121
Property Features for 1764 Mendon
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Coldwell Banker Realty - Franklin
(508) 541-6200
Listed By:
Anna Foncellino
(401) 487-6001
Source:
Lockandkeyre
Added: Jun 27
Changed: Oct 25
Last Checked: Oct 24 at 6:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Franklin
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Investment Insights
Based on property information with market context.
This for-sale retail suite is located within a high-traffic shopping mall and previously operated as a physical therapy space. The offering is positioned for a range of concepts, including restaurant use, banking, foodservice, healthcare, and apparel.
The property is situated in Cumberland, Rhode Island at 1764 Mendon, next to a McDonald's and close to I-295, supporting strong day-to-day customer access for suitable retail and service uses.
Please note that available details beyond the prior physical therapy use and the stated intended uses were not provided in the listing information.
The property is situated in Cumberland, Rhode Island at 1764 Mendon, next to a McDonald's and close to I-295, supporting strong day-to-day customer access for suitable retail and service uses.
Please note that available details beyond the prior physical therapy use and the stated intended uses were not provided in the listing information.
Key Highlights
- Former physical therapy space within a high‑traffic shopping mall
- Located next to a McDonald's
- Convenient access near I‑295
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,287
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,740
$925.7K
Cap Rate 7%
$661,243
$661.2K
Cap Rate 9%
$514,300
$514.3K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$73.8K $18.00/SF
− Vacancy
−$7.7K −$1.87/SF
EGI
$66.1K $16.13/SF
− OpEx
−$19.8K −$4.84/SF
NOI
$46.3K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,740
Cap Rate 7%
$661,243
Cap Rate 9%
$514,300
Alternative Uses
Best Use
Retail
$661.2K
$578.6K – $771.5K
NOI $46,287 @ 7.0% cap · market cap 289,293.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$975.2K
$853.3K – $1.14M
NOI $68,267 @ 7.0% cap · market cap 426,668.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 18%
Electronics 5%
Beauty & Spa 3%
McDonald's
Dining
19,113 visits/mo
0.1 miles
Burger King
Dining
9,646 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,833 visits/mo
0.2 miles
The UPS Store
Shops & Services
2,972 visits/mo
0.1 miles
SpeeDee Oil Change & Auto Service
Shops & Services
2,798 visits/mo
0.2 miles
Demographics for 02864, RI
36,376
Population
14,735
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
26.5 sq mi
ZIP Area
1,373
Density / Sq Mi
$118,737
Median Household Income
$62,041
Median Earnings
$1,251
Median Rent
$394,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Colonial Crossing — 1800 Mendon Rd, Cumberland, RI 02864
- Cumberland Plaza Shopping Center — 1998 Mendon Rd, Cumberland, RI 02864
Frequently Asked Questions
What type of property is this?
Shopping center - Former physical therapy space in a high-traffic shopping mall near a McDonald's and I-295.
Where is this shopping center located?
The property is located at 1764 Mendon Cumberland, RI.
What are key features of this property?
This property features: Former physical therapy space within a high‑traffic shopping mall; Located next to a McDonald's; Convenient access near I‑295
