2320-2352 Mendon Rd - Storefront Retail/Office FOR SALE


Cumberland, RI 02864
$2,260,000 USD
401-286-8404
2320-2352 Mendon Rd, Cumberland, RI for Sale
$2,260,000 USD
Storefront Retail/Office - FOR SALE
1/27
null | 9.36% Cap Rate

2320-2352 Mendon Rd
Cumberland, RI 02864


HIGHLIGHTS

  • 21,000 +\- SF mixed-use property
  • High-visibility Route 122
  • 2.61-acre parcel that offers a significant value-add component: also a possible additional 7,000 +/- SF retail development opportunity

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

$2,260,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

9.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.61 AC

LAND SF

113,692 SF

ZONING

C-1

APN/PARCEL ID

CUMB-000033-000394-000000,CUMB-000033-000429-000000

ASK ABOUT THIS PROPERTY

Angelo GrecoGreco Real EstateMore Info
401-286-8404

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Angelo GrecoGreco Real EstateMore Info
401-286-8404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.