2352 Mendon Rd, Cumberland, RI 02864
2352 Mendon Rd, Cumberland, RI 02864
2352 Mendon Rd, Cumberland, RI 02864
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$2,260,000
Est. payment /mo
1.29 Acres Lot
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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 73445513

HOA Y/N false

Year Built 1950

Annual Tax Amount $14,091

Tax Year 2025

Lot Size 1.290 Acres

Acres 1.29

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

Direction Route 122

Others

Senior Community false

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Listed by Greco Real Estate

NEARBY SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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2352 Mendon Rd