121 Mendon RdCumberland, RI 02864

Property Details for 121 Mendon Rd

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

1,563 SF

Zone code

I-1

Property type

Showrooms

APN

CUMB M:012 B:0002 L:000

APU

CUMBM012B0002L000

Description

This exceptional single-tenant retail property located at 121 Mendon Road in Providence County presents a fantastic investment opportunity. The building boasts a recently completed renovation, encompassing a comprehensive upgrade of its electrical system, HVAC, plumbing, and exterior paint. This ensures modern functionality and reduced maintenance costs for the new owner. The property is classified as Retail and Land, offering a versatile space suitable for a variety of commercial uses. The single-tenant occupancy simplifies management and provides a stable income stream. A significant advantage is the presence of a large parking lot, providing ample space for customers and employees. The building's well-maintained condition is a testament to its previous ownership and promises a smooth transition for the next occupant. The property's location within Providence County offers excellent accessibility and visibility, contributing to its strong potential for success. This is a turnkey opportunity for an investor seeking a low-maintenance, high-return retail investment in a desirable location. The property's single-suite configuration simplifies management and reduces operational complexities. The combination of recent renovations, ample parking, and a prime location makes this a truly compelling investment prospect. The property's commercial classification allows for a wide range of potential uses, making it an attractive option for various business types. This is a rare opportunity to acquire a well-maintained, renovated retail property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $379,864

  6.5%

  $350,643

  7%

  $325,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,638

  Geo Method

  $514,638

• Alternative Use

  Use

  Valuation

  Residential

  $295,781

  Hospitality

  $270,934

  Educational

  $225,414

  Medical

  $233,166

  Retail

  $350,643

Location Insight

City

Cumberland

County

Providence

State

Rhode Island

Latitude

41.9142

Longitude

-71.4037

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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