$2,260,000
2352 Mendon Road
Cumberland, RI 02864
About This Home
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.
Property Details
Listing Information
The data relating to real estate for sale on this website comes from the Internet Data Exchange (IDX) program of the State-Wide Multiple Listing Service. Real estate listings held by brokerage firms other than FAB Living Realty are marked with the MLS logo and detailed information about them includes the name of the listing broker.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS.
MLS # 1397661