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    Rte 3 & Rte 53 Norwell, MA 02339

    Sponsored
    For Lease
    Contact for pricing

    Prime Commercial/Industrial Land, Route 3 & 53

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1-square-foot parcel of land presents a unique opportunity for commercial or industrial development. Located at the strategic intersection of Route 3 and Route 53 in Hanover, Massachusetts, this single-tenant property offers unparalleled access to major transportation arteries, ensuring seamless connectivity for businesses. Situated in Plymouth County, the property's precise location at 42.150411 latitude and -70.85055 longitude provides easy access to a thriving market and a strong workforce. The site is designated for commercial and industrial uses, making it ideal for a variety of development projects. Given its minimal square footage, this listing is particularly suited for a specific, targeted use, perhaps as a small outparcel or for a unique, specialized business requiring only minimal land area. The property's location at the Hanover Interchange offers high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a high-traffic area. Further details regarding zoning and potential development options are available upon request. This is an exceptional opportunity to acquire a strategically located parcel of land in a rapidly growing area of Massachusetts. The zip code for this property is 02339, and the city is Norwell, though the property's address is listed as Route 3 & Route 53, Hanover. This property is offered for lease.

    Property Features for 0 Rte 3 & Rte 53

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF

    HighLights

    • Master‑planned development opportunity.
    • Ideal site for a corporate campus.
    • Prime location for last‑mile distribution center.
    • Flexible building configurations available.
    • High‑traffic intersection of Route 3 and Route 53.
    • Excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norwell
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.85055
    Latitude
    42.150411

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Industrial Land, Route 3 & 53
    Where is this land located?
    The property is located at Rte 3 & Rte 53 Norwell, MA.
    What are key features of this property?
    This property features: Master-planned development opportunity.; Ideal site for a corporate campus.; Prime location for last-mile distribution center.
    Request Owner's contact information
    Rte 3 & Rte 53 Norwell, MA 02339
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    Norwell, MA 02339
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Rte 3 & Rte 53 Norwell, MA 02339
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