121 Mendon Rd Cumberland, RI 02864
- Showrooms
- 1,563 SF
- 0.28 lot acres
Current Use by Public Records
- Showrooms
Property Details for 121 Mendon Rd
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.28 lot acres
- Property size
- 1,563 SF
- Zone code
- I-1
- Property type
- Showrooms
- APN
- CUMB M:012 B:0002 L:000
- APU
- CUMBM012B0002L000
Description
This exceptional single-tenant retail property located at 121 Mendon Road in Providence County presents a fantastic investment opportunity. The building boasts a recently completed renovation, encompassing a comprehensive upgrade of its electrical system, HVAC, plumbing, and exterior paint. This ensures modern functionality and reduced maintenance costs for the new owner. The property is classified as Retail and Land, offering a versatile space suitable for a variety of commercial uses. The single-tenant occupancy simplifies management and provides a stable income stream. A significant advantage is the presence of a large parking lot, providing ample space for customers and employees. The building's well-maintained condition is a testament to its previous ownership and promises a smooth transition for the next occupant. The property's location within Providence County offers excellent accessibility and visibility, contributing to its strong potential for success. This is a turnkey opportunity for an investor seeking a low-maintenance, high-return retail investment in a desirable location. The property's single-suite configuration simplifies management and reduces operational complexities. The combination of recent renovations, ample parking, and a prime location makes this a truly compelling investment prospect. The property's commercial classification allows for a wide range of potential uses, making it an attractive option for various business types. This is a rare opportunity to acquire a well-maintained, renovated retail property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $315,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $420,000
- Mixed-Use
- $380,000
- Hospitality
- $420,000
- Educational
- $350,000
- Residential Income
- $315,000
- Energy
- $340,000
- Income-Based Land
- $375,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4037
- Latitude
- 41.9142
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
