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$2,030,000
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Property Description
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.
Full Property Details
Full Property Details for 2352 Mendon Rd
General
- Sold For: $2,030,000
- Taxes: $15,061 (2025)
- Status: Closed
- Type: Commercial
- Source: STWMLS
- MLS ID: 1397661
- Added to Site: 163 day(s) ago
Business
- Business Type: Mixed
Additional Information
- Security/Safety: Fire Alarm
Parking
- Total Spaces: 65
Location
- County: Providence
- Subdivision: MENDON
- Near Highway: Yes
Heating & Cooling
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Connected, Public
- Utility Description: Water Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 2
- Year Built: 1950
Unit Information
- Vacancy %: 5
Lot Features
- Lot Size (Sq. Ft.): 56,192
- Lot Size: 56192
- Street Lights: Yes
- Sidewalks: Yes
Financial Considerations
- Tax Amount: $15,061
- Tax Year: 2025
Disclosures and Reports
- Property ID: 2352MENDONRDCUMB
- Lot Number: 394/429
Listed by Greco Real Estate
Sold by Compass
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Schools
Schools serving 2352 Mendon Rd
School District:Cumberland School District
| Name | Grades | Distance |
|---|---|---|
Ashton School 130 Scott Road, Cumberland, RI 02864 | K-5 | 1 mi |
North Cumberland Middle School 400 Nate Whipple Highway, Cumberland, RI 02864 | 6-8 | 1.9 mi |
Cumberland High School 2600 Mendon Road, Cumberland, RI 02864 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2352 Mendon Rd
Date
Details
Price
Change
Source
3/20/2026
Sold
$2,030,000
-10.18%
MLS
10/20/2025
Listed
$2,260,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2352 Mendon Road, Cumberland, RI 02864 (MLS# 1397661) is a Commercial property that was sold at $2,030,000 on March 20, 2026. Want to learn more about 2352 Mendon Road? Do you have questions about finding other Commercial real estate for sale in Cumberland? You can browse all Cumberland real estate or contact a Coldwell Banker agent to request more information.

