114 Mendon St Hopedale, MA 01747
- Commercial land
- 2,624 SF
- 0.21 lot acres
Current Use by Public Records
- Commercial land
Property Details for 114 Mendon St
- Year built
- 1880
- Construction
- WOOD FRAME
- Lot size
- 0.21 lot acres
- Property size
- 2,624 SF
- Zone code
- GB-A
- Property type
- Commercial land
- APN
- HOPE M:0011 B:0019 L:0
- APU
- HOPEM0011B0019L0
Description
This exceptional commercial land offering presents a unique investment opportunity in Hopedale, MA. Located at the highly visible intersection of Route 16 and Hopedale Street, this property comprises three parcels totaling approximately 0.77 acres, zoned General Business A (GB-A). All buildings have been demolished, and essential utilities, including town water and sewer, are readily available, making this a truly "shovel-ready" site. Phase I environmental studies, geotechnical investigations, and a traffic study have already been completed, streamlining the development process. Detailed concept plans and renderings are also available. The site boasts a superior location for retailers seeking to tap into an underserved market with robust and growing demographics. With an average daily traffic count of 12,500 vehicles and a projected annual growth of approximately 1%, this location offers significant potential. Its proximity to major medical facilities, including Milford Regional Medical Center and the Dana-Farber/Brigham and Women's Cancer Center, further enhances its appeal. Strategically situated 40 miles west of Boston, 25 miles east of Worcester, and 30 miles north of Providence, RI, this property offers unparalleled accessibility. Individual lot sizes range from approximately 8,786 square feet to 17,424 square feet, allowing for flexibility in development plans. Multiple uses are permitted, including but not limited to retail, office, and industrial applications. Don't miss this chance to establish a prominent presence in a thriving commercial corridor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hopedale
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.5369
- Latitude
- 42.1261
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA