Property profile

53 Rte 3 & Rte Norwell, MA 02339

OFF-MARKET
Land
1 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Total area 1 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

53 Rte 3 & Rte Norwell, MA 02339
Norwell metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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