ADDRESS
369 S MAIN STREET
PROVIDENCE, RI 02903
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$2,260,000
15 Days On Site
2352 Mendon RoadCumberland, RI 02864
For Sale|Mixed Use|Active
0
Beds
0
Total Baths
—
SqFt
—
/SqFt
1950
Built
Subdivision:
MENDON
County:
Providence
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Call Now: (401) 447-8040
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(401) 447-8040
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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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Listing Snapshot
Price
$2,260,000
Days On Site
15 Days
Bedrooms
N/A
Inside Area (SqFt)
0.0 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
56,192 Acres
Year Built
1950
MLS® Number
1397661
Status
Active
Property Tax
$15,061
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing first seen on site | |
| 2 weeks ago | Listing updated with changes from the MLS® |
General Features
Land Lease
No
Levels
Two
Number Of Stories
2
Parking Spaces
65
Property Sub Type
Mixed Use
Security
Fire Alarm
Sewer
Public Sewer
Utilities
Water Connected
Water Source
Public
Zoning
C-1
Interior Features
Basement
Full
Electric
Circuit Breakers200+ Amp Service
Heating
Baseboard
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Exterior Features
Construction Details
Frame
Community Features
Community Features
RestaurantStreet LightsSidewalks
Listing courtesy of Angelo Greco of Greco Real Estate 4012868404
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-11-04 09:00 PM UTC
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-11-04 09:00 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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