GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 2,030,000
$ 2,260,000 10.2%
Est. payment /mo
Sold on 03/20/2026
2352 Mendon Rd Cumberland, RI 02864
1.29 Acres Lot
UPDATED:
Key Details
Sold Price $2,030,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73445513
Year Built 1950
Annual Tax Amount $14,091
Tax Year 2025
Lot Size 1.290 Acres
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
Listed by Greco Real Estate
Bought with Kristen Holloway • Compass
Bought with Kristen Holloway • Compass
NEARBY SCHOOLS & PROPERTIES