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.
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0BEDS
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1.29ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
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