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508-762-7848
Emiel Barbosa - Real Estate Agent - Greater Boston Brockton Stoughton South Shore & South Coast - Vicente Realty
2352 Mendon Rd, Cumberland, RI 02864
- $2,030,000
- Sold Price
- $2,030,000
- List Price
- $2,260,000
- Status
- SOLD
- MLS#
- 73445513
- Lot Size (Acres)
- 1.29
- Year Built
- 1950
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.
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Additional Information
- Taxes
- $14,091
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Listing courtesy of Listing Agent: Greco from Listing Office: Greco Real Estate.
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