2352 Mendon Rd, Cumberland, RI 02864 (MLS # 73445513)
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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 previously approved 7,000 +/- SF retail development opportunity on the adjacent pad. Interested/qualified parties will have the opportunity to obtain additional information upon request.
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Listing provided by Angelo Greco, Greco Real Estate
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