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.
| Location | |
|---|---|
| City/Town | Cumberland |
| County | Providence |
| Community Features | Bus, Commuter Bus, Highway Access, Interstate, Recreational Facilities, Restaurants, Schools, Shopping |
| Interior | |
|---|---|
| Heating | Baseboard |
| Additional Information | |
|---|---|
| Tax Assessment | $1,148,400 |
| Zoning | C-1 |
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