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    OFF-MARKET
    Showrooms

    121 Mendon Rd, Cumberland, RI 02864

    1,563 SF 0.28 ac lot Built 1950
    Trust Owned 5-yr Hold Free & Clear
    Property ID
    US76-0357697
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1950
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,563 SF
    Lot 0.28 ac (11,979 SF)
    Zoning code I-1
    APN CUMB M:012 B:0002 L:000
    UPID US76-0357697
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Strezsak Irt Trust · 5 yrs held
    Strezsak Irt Trust
    since 2020
    1 recorded transaction
    2020
    Zoning & alternative use
    I-1 · Cumberland, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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