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You are here:
Home Massachusetts Cumberland Commercial Properties for Sale

2352 Mendon Road Cumberland, RI 02864

44 Days on Boston Pads
14 Photos
$2,260,000
Type: Mixed Use
Lease Type N/A
21000 Bldg. SQFT
Restrooms: N/A
Parking: N/A
2352 Mendon Road
Cumberland, RI 02864

Property Description

The Mendon Road Mixed-Use is a 21,000 +/- SF Mixed-use property comprised of residential, retail & office units. Tenants are responsible for their utilities, Adelines Restaurant reimburses 80% of the water & sewer bill. There is ample off-street parking and additional income from roof solar. Located on Route 122 the property boasts a high traffic count with numerous shops & restaurants in close proximity. The left side of the lot there was a previously approved (currently expired) 7,000 +/- SF retail property to be constructed on-site for value-add. The parcel is zoned C-1. The Mendon Road Mixed-use provides an investor the unique opportunity to acquire a high cash-flowing, well-maintained asset with a variety of tenant types on a main road with numerous amenities. Current owners have made numerous capital investments over the years, including roof, parking lot, siding, residential units, etc. For the offering memo and more information please reach out directly.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73267022

Financial

  • Gross Annual Expenses: 71317
  • Gross Annual Income: 252552
  • Net Operating Income: 181036

Building Information

  • Total SQFT: 21000

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
07/23/2024Active$2,260,000$108MLSPIN
07/19/2024New$2,260,000$108MLSPIN

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Map & Resources

Seller's Representative: Tim McGeary, Northeast Private Client Group, LLC

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MLS PIN data last updated at 2024-07-23 03:05:00