$2,030,000
$2,260,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
2352 Mendon Rd Cumberland, RI 02864
1.29 Acres Lot
Key Details
Sold Price $2,030,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73445513
Sold Date 03/20/26
HOA Y/N false
Year Built 1950
Annual Tax Amount $14,091
Tax Year 2025
Lot Size 1.290 Acres
Acres 1.29
Property Description
Core Investment Opportunity! Acquire this a highly stabilized 21,000 +\- SF mixed-use property. This asset delivers an exceptional Capitalization Rate and is positioned on high-visibility Route 122, benefiting from a high traffic count and C-1 zoning. The property features a proven revenue model with a balanced unit mix (8 commercial, 8 residential), tenant-direct utility payments, and additional income streams via a solar array. Recent comprehensive capital investments (2015-2025, including roof and parking lot upgrades) mitigate near-term CapEx exposure. Furthermore, the 2.61-acre parcel offers a significant value-add component: a possible 7,000 +/- SF retail development opportunity on the adjacent pad. Interested/qualified parties will have the opportunity to obtain additional information upon request.
Location
State RI
County Providence
Zoning 0040
Direction Route 122
Others
Senior Community false
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Bought with Kristen Holloway • Compass
NEARBY SCHOOLS & BUSINESSES