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2320-2352 Mendon Rd
Cumberland, RI 02864
Highly Visible Cash Flowing Mixed-Use Asset · Retail Property For Sale
Investment Highlights
- Highly occupied mixed-use residential, retail, and office property with a diverse and well-performing commercial tenant mix.
- Recently renovated and income-producing facility with additional value-add through raising rents in line with positive market trends.
- Over 100,000 residents within five miles, providing consumer spending of over $1.3 billion during 2022.
- Direct frontage on Route 122, the primary commercial corridor of Cumberland, with many nearby shops and restaurants, traveled by over 14,000 VPD.
- Tenants are responsible for their own utilities and there is additional passive income in place from a large rooftop solar array.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,024 SF
Building Class
C
Year Built/Renovated
1950/2020
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.20
Lot Size
2.88 AC
Zoning
C-1 - Commercial
Parking
65 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
115’ on Mendon Rd
Amenities
- Property Manager on Site
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $896,500 | |
| Land Assessment | $363,800 | Total Assessment | $1,260,300 |
Property Taxes
Parcel Numbers
Land Assessment
$363,800
Improvements Assessment
$896,500
Total Assessment
$1,260,300
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