RI > Cumberland > Mendon
Cumberland, RI 02864,2352 Mendon RD
Cumberland, RI 02864,2352 Mendon RD
Cumberland, RI 02864,2352 Mendon RD
Cumberland, RI 02864,2352 Mendon RD
Cumberland, RI 02864,2352 Mendon RD
Cumberland, RI 02864,2352 Mendon RD
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L&L Homes Team

L&L Homes Team

+1(508) 649-5646
$ 2,260,000
Est. payment | /mo

1.29 Acres Lot

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$ 2,260,000
Est. payment | /mo
Save Virtual Tour

1.29 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Mendon

MLS Listing ID 1397661

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

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2352 Mendon RD

L&L Homes Team
L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

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