405 Mendon RdCumberland, RI 02864

Property Details for 405 Mendon Rd

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.05 AC

Property size (Sq ft)

6,222 SF

Zone code

C-1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CUMB M:016 B:0017 L:000

APU

CUMBM016B0017L000

Description

This exceptional 6,222-square-foot Class A retail space, located at 405 Mendon Road in Cumberland, Rhode Island, presents a unique investment opportunity. Situated on a 1.05-acre lot (45,738 square feet), this single-tenant property boasts a highly desirable location at the corner of Mendon Road and Marshall Avenue. Mendon Road enjoys significant daily traffic volume and is conveniently situated along a public bus route, ensuring excellent accessibility. The property benefits from its proximity to residential communities such as Berkley Commons and River Run Condominiums, as well as nearby supermarkets, banks, and other restaurants, creating a strong customer base. Its strategic location offers easy access to major roadways, including Routes 295, 95, and 146, and is also near George Washington Highway and the Lincoln Mall, further enhancing its appeal and visibility. The property is zoned Commercial (C-1) within Providence County (Plat 16, Lot 17) and is currently vacant, providing immediate occupancy for a new tenant. The building's size and location make it ideal for a variety of restaurant or retail concepts. This is a rare opportunity to acquire a well-positioned, high-traffic commercial property in a thriving Rhode Island community. The property's size, location, and zoning provide significant potential for a successful business venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,512,163

  6.5%

  $1,395,843

  7%

  $1,296,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,048,676

  Geo Method

  $2,048,676

• Alternative Use

  Use

  Valuation

  Residential

  $1,177,446

  Hospitality

  $1,078,534

  Educational

  $897,328

  Medical

  $928,188

  Retail

  $1,395,843

Location Insight

City

Cumberland

County

Providence

State

Rhode Island

Latitude

41.9199

Longitude

-71.4074

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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