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    OFF-MARKET
    Investment properties

    511 Broad St, Cumberland, RI 02864-7828

    2,450 SF 0.12 ac lot Built 1950
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US76-0340581
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 511 Broad Street in Cumberland, Rhode Island, presents a compelling investment opportunity. The building, situated on a prominent corner lot at the intersection of Broad and Cumberland Streets, boasts high visibility due to its strategic location within a rapidly developing residential area. The 1,225 square foot building sits on a 0.32-acre lot encompassing four parcels totaling 13,613 square feet. The property's current configuration includes one retail space and one apartment, both currently occupied by month-to-month tenants. This provides immediate income potential with the flexibility to adapt the space to future needs. The building is conveniently connected to both gas and sewer lines, ensuring efficient utility access. Given its prime location and the ongoing residential growth in the surrounding area, this property offers significant upside potential for investors seeking a strong return on investment. The high visibility and versatile layout make it ideal for a variety of commercial uses. Serious inquiries only. Prior scheduling is required before any property visits or tenant contact.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1950
    Construction FRAME
    Total area 2,450 SF
    Lot 0.12 ac (5,140 SF)
    Zoning code C-1
    APN CUMB M:007 B:0437 L:000
    UPID US76-0340581
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Krikor Bedrosian
    Krikor Bedrosian
    since 2025
    Last sale
    $365,000
    3 recorded transactions
    2025
    $365,000
    2012
    1999
    Zoning & alternative use
    C-1 · Cumberland, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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