$2,030,000
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2352 Mendon RD Cumberland, RI 02864
1.29 Acres Lot
Key Details
Sold Price $2,030,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Mendon
MLS Listing ID 1397661
Sold Date 03/20/26
HOA Y/N No
Year Built 1950
Annual Tax Amount $15,061
Tax Year 2025
Lot Size 1.290 Acres
Property Sub-Type Commercial
Property Description
Core Investment Opportunity! Acquire this a highly stabilized 21,000 +\- SF mixed-use property located in the Cumberland, Rhode Island market. This asset delivers an exceptional Cap 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, providing a clear mechanism for substantial future Net Operating Income growth. This acquisition represents a unique convergence of stable cash flow, minimal capital risk, and exponential development potential. Interested/qualified parties will have the opportunity to obtain additional information upon request.
Location
State RI
County Providence
Community Mendon
Zoning C-1
Rooms
Basement Full
Interior
Heating Baseboard
Exterior
Community Features Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
Utilities Available Water Connected
Total Parking Spaces 65
Building
Story 2
Sewer Public Sewer
Water Connected, Public
Level or Stories 2
Structure Type Frame
New Construction No
Others
Tax ID 2352MENDONRDCUMB
Security Features Fire Alarm
Financing 1031 Exchange
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