Property profile

2 Condon Way Hopedale, MA 01747

FOR SALE
Industrial land
Property ID
US38-0889650
1.62 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 16,000-square-foot Class A flex/warehouse building in Hopedale, Massachusetts, presents a unique opportunity for businesses seeking a modern and efficient space. Located at 2 Condon Way, this single-tenant property sits on 1.62 acres and offers a versatile layout ideal for various industrial uses. Built in 2024, the building features a 16- to 17-foot ceiling height, providing ample vertical space for storage and operations. Six dock-high doors ensure efficient loading and unloading, complemented by 26 total parking spaces for employees and visitors. The property boasts a robust 400-amp electrical service (120/208v 3-Phase), supporting demanding operational needs. Its strategic location at the entrance to a light industrial park, just off Route 140, provides exceptional accessibility. Minutes from Route 495 and equidistant to Interstates 90 and 95, this property offers seamless connectivity to major transportation arteries and key markets throughout New England. The surrounding area is experiencing significant growth, with established businesses like Sodexo, Braun's Express, and Precision Stability Storage Pharma Company nearby, indicating a thriving industrial sector. This property is perfectly positioned to capitalize on the Hopedale market's untapped potential, making it an ideal location for businesses seeking to establish or expand their operations in the region. The entire 16,000 square feet is currently vacant and ready for immediate occupancy. The property is located in Worcester County, MA, zip code 01747.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.62 ac (70,619 SF)
Zoning code LI
APN HOPE M:0022 B:0032 L:16
UPID US38-0889650

Cap rate & NOI

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

Location

2 Condon Way Hopedale, MA 01747
Hopedale metro Census 745100 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2024
Last sale
$340,000
4 recorded transactions
2024
$340,000
2020
$250,000
2018
$197,900
2006
$255,000

Zoning & alternative use

LI · Hopedale, MA
General category INDUSTRIAL

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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