70 Mendon RdCumberland, RI 02864

  • Other commercial real estate
  • 33.95 AC
For Lease

Property Details for 70 Mendon Rd

Lot size
33.95 AC
Zone code
C-2
Property type
Other commercial real estate
APN
CUMB M:012 B:0008 L:000
APU
CUMBM012B0008L000

Description

70 Mendon Road in Cumberland, Rhode Island presents a prime retail opportunity within an established 87,042 square foot neighborhood shopping center. This C-2 zoned property, built in 1994, sits on a generous 33.95-acre lot and offers ample parking with 250 spaces. The center enjoys high visibility along Route 122 and benefits from a strong anchor tenant, Stop & Shop, a leading New England grocery store. Additional tenants include Dollar Tree and VIP Nails & Spa, contributing to a thriving retail environment. The property's convenient location is further enhanced by its proximity to other popular businesses such as CVS, Domino's, McDonald's, U-Haul, Dell's Lemonade, and Dunkin' Donuts. Currently, there are two available spaces, with a minimum divisible space of 1,681 square feet and a maximum contiguous space of 2,381 square feet, totaling 4,062 square feet of vacant space. The center features light-controlled access, ensuring a safe and secure environment for both tenants and customers. This well-maintained shopping center provides an excellent opportunity for businesses seeking high visibility and a strong customer base in a desirable location. The property's features, combined with its strategic location, make it an ideal investment for retail and service-oriented businesses.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $279,858,528
    Hospitality
    $256,348,912
    Educational
    $213,279,280
    Medical
    $220,614,288
    Retail
    $331,767,776
70 Mendon Rd, Cumberland, Rhode Island
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Location Insight

City
Cumberland
County
Providence
State
Rhode Island
Latitude
41.913
Longitude
-71.4059
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$116,650
$3,631,700
$6,129,800
$9,761,500
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