114 Mendon St Hopedale, MA 01747
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB-A · Hopedale, MACosts & 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.