Property profile

220 Columbia Rd Hanover, MA 02339

OFF-MARKET
Neighborhood centers
59,590 SF Built 1957
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Property summary

AI-generated overview

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 profile

Verified
Property type Neighborhood centers
Year built 1957
Total area 59,590 SF

Cap rate & NOI

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

Location

220 Columbia Rd Hanover, MA 02339
Hanover metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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