228 Columbia Rd Hanover, MA 02339

Property Details for 228 Columbia Rd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size

38,595 SF

Zone code

BD

Property type

Commercial real estate

APN

HANO M:57 L:056 U:1

APU

HANOM57L056U1

Description

Columbia Retail Plaza, located at 228 Columbia Road in Hanover, MA, presents a compelling investment opportunity. This 6.35-acre property enjoys a highly desirable location at a major intersection along the North River, connecting the thriving communities from Duxbury to Hingham. The plaza benefits from its strategic position along the Route 53 and 139 corridor, ensuring high visibility and accessibility for potential tenants and customers. The area boasts a high median household income, translating to a strong consumer base with significant purchasing power. Furthermore, the property's location experiences substantial traffic counts, providing excellent exposure for businesses seeking a prominent presence in the market. The existing retail identity of the plaza offers a solid foundation for a variety of retail uses, making it an attractive prospect for investors seeking a stable and potentially high-return investment. The property's size and location offer significant potential for expansion or redevelopment, catering to the needs of a diverse range of businesses. This is a rare opportunity to acquire a well-situated retail property in a thriving market with strong demographics and high traffic volume. The asking price is $18 million. Further details are available upon request.

Location Insight

City

Hanover

County

Plymouth

State

Massachusetts

Longitude

-70.8164

Latitude

42.1132

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments