Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
I-1: Light Industrial District. This zoning district is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Cumberland, RII-1: Light Industrial District. This zoning district is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
I-1: Light Industrial District. This zoning district is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Cumberland, RI.
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