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    220 Columbia Rd Hanover, MA 02339

    Sponsored
    For Lease
    Contact for pricing

    High-traffic Route 3 Corridor retail space.

    Lot size:
    59,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 59,590 square foot retail strip center, located at 220 Columbia Road in Hanover, Massachusetts (zip code 02339), presents a compelling investment opportunity. Built in 1957 and renovated in 1999, the property boasts a single-story design and sits on a sizable 6.35-acre lot. The center is comprised of three suites, with a minimum divisible space of 2,460 square feet and a maximum contiguous space of 2,460 square feet. Strategically positioned along the Route 3 Corridor, this property benefits from its high visibility and accessibility. Its location along the North River, and near the intersection of Routes 53 and 139, provides excellent connectivity to surrounding communities, including Duxbury and Hingham. The area enjoys a high median household income and significant traffic counts, creating a strong retail environment. This prime location, combined with the property's size and existing infrastructure, makes it ideal for a variety of retail uses. Plymouth County location offers a strong market for retail businesses. The property is situated in the Route 3 Corridor submarket.

    Property Features for 220 Columbia Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,590 SF

    Building Details

    Year Built/Renovated
    1957/1999
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5
    Size
    2,460 SF
    Space
    Suite 8
    Size
    4,500 SF

    HighLights

    • High‑visibility end‑cap retail space.
    • Recently renovated storefront with significant facade improvements.
    • Excellent location with strong demographics and high traffic counts.
    • Existing restaurant/convenience store build‑out with included equipment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8176214
    Latitude
    42.1131685

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic Route 3 Corridor retail space.
    Where is this neighborhood center located?
    The property is located at 220 Columbia Rd Hanover, MA.
    What are key features of this property?
    This property features: High-visibility end-cap retail space.; Recently renovated storefront with significant facade improvements.; Excellent location with strong demographics and high traffic counts.
    Request Owner's contact information
    220 Columbia Rd Hanover, MA 02339
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    Hanover, 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
    220 Columbia Rd Hanover, MA 02339
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