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Property profile & analytics
FOR SALE
Commercial land

114 Mendon St Hopedale, MA 01747

2,624 SF 0.21 ac lot Built 1880
Trust Owned 10-yr Hold
Property ID
US38-0776331
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1880
Construction WOOD FRAME
Total area 2,624 SF
Lot 0.21 ac (9,078 SF)
Zoning code GB-A
APN HOPE M:0011 B:0019 L:0
UPID US38-0776331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sardinha,v Trust · 10 yrs held
Sardinha,v Trust
since 2015
7 recorded transactions
2015
$235,000
2011
$160,000
2008
$140,000
2004
$282,500
1995
$15,000
1995
$85,620
1993
$60,000
Zoning & alternative use
GB-A · Hopedale, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name General Business A
General category COMMERCIAL
Zone area 34.43 ac
Source Realmo
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