2352 Mendon Road

Cumberland, RI 02864 Directions
$2,260,000
  • 1950Built

Property Highlights

  • Subdivision: MENDON
  • Days on Market: 51
  • MLS: 1397661
  • Listing Pending

Property Highlights

  • Subdivision: MENDON
  • Days on Market: 51
  • MLS: 1397661
  • Listing Pending

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...

Property Highlights

  • Subdivision: MENDON
  • Days on Market: 51
  • MLS: 1397661
  • Listing Pending

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.

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.

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  • Additional Information
    • Basement Description: Full
    • Days On Market: 51
    • Electrical Features: Circuit Breakers, 200+ Amp Service
    • On Market Date: 2025-10-20
    • Parking Spaces: 65
    • Sewer: Public Sewer
    • Subdivision: Mendon
    • Tax Amount: $15,061
    • Tax Year: 2025
    • Type: Commercial Sale
    • Utilities: Water Connected
    • Year Built: 1950
  • Amenities
    • Restaurant
    • Street Lights
    • Sidewalks
  • Interior/Exterior Features
    • Construction Materials: Frame
    • Heat: Baseboard

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 02/13/2026. Listed By: Angelo Greco of Greco Real Estate.

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