220 Columbia Rd, Hanover, MA 02339
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.