$2,260,000

2352 Mendon Road, Cumberland, RI 02864

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon1.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
October 20, 2025 at 05:00AM
Listing Office:
Greco Real Estate : 401-270-1174
MLS ID:
1397661
  • Basement: Full
  • Heating: Baseboard
  • Parking: Parking spaces: 65
  • General: Frame2
  • Originating MLS: RIS_RIS
  • County: Providence
  • Zoning: C-12352MENDONRDCUMB
  • Utilities: Water Connected200+ Amp ServiceCircuit Breakers
  • Water: ConnectedPublic
  • Sewer: Public Sewer
  • Source: RIS_RIS

This listing courtesy of Greco Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Ashton School

130 Scott Rd, Cumberland, RI, 02864

Grades KG-5

1.05 miles away

N

North Cumberland Middle School

400 Nate Whipple Hwy, Cumberland, RI, 02864

Grades 6-8

1.95 miles away

C

Cumberland High School

2600 Mendon Rd, Cumberland, RI, 02864

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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