The Mendon Road Mixed-Use is a 21,000 +/- SF Mixed-use property comprised of residential, retail & office units. Tenants are responsible for their utilities, Adelines Restaurant reimburses 80% of the water & sewer bill. There is ample off-street parking and additional income from roof solar. Located on Route 122 the property boasts a high traffic count with numerous shops & restaurants in close proximity. The left side of the lot there was a previously approved (currently expired) 7,000 +/- SF retail property to be constructed on-site for value-add. The parcel is zoned C-1. The Mendon Road Mixed-use provides an investor the unique opportunity to acquire a high cash-flowing, well-maintained asset with a variety of tenant types on a main road with numerous amenities. Current owners have made numerous capital investments over the years, including roof, parking lot, siding, residential units, etc. For the offering memo and more information please reach out directly.
2352 Mendon Road, Cumberland, RI, 02864
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
