45± Acres For Sale in Metrowest 495 South Market

300 South Main Street Hopedale, MA 01747

300 South Main Street, Hopedale, MA, 01747
300 South Main Street, Hopedale, MA - View Looking Southeast
300 South Main Street, Hopedale, MA, 01747 300 South Main Street, Hopedale, MA, 01747 300 South Main Street, Hopedale, MA, 01747
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Aug 15, 2024

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Highlights

  • The Property fronts Route 140 (South Main Street) and is in close proximity to a rapidly developing commercial/industrial corridor in the neighboring towns of Bellingham, Milford and Franklin.
  • Located 2.7 miles off Interstate 495 at Exit 46 (Medway/Bellingham Route 126) providing central access to both Interstate 90 (Mass Pike) and Interstate 95.
  • Active Commercial Corridor - The local submarket is experiencing significant growth in the development of commercial facilities. One notable project is at 75 Plain Street in Hopedale, where GFI Partners is developing a Class A distribution center spanning approximately 616,000 square feet, located just 1/2 mile from the Property. Additionally, Bluewater Property Group has announced plans for a 205,000 square foot warehouse/distribution center at 23 Cape Road, Mendon, which is less than a mile away from the Property.
  • Other developments in close proximity include the Dunkin’s distribution facility (231K SF), Best Buy’s warehouse facility (240K SF); Amazon Milford (300K SF) and 152 Depot Street (200K SF) all less than 2 miles from the Property.

Description

SVN® Parsons Commercial Group - Boston is pleased to offer for sale 300 South Main Street in Hopedale, Massachusetts (the “Property”), two parcels totaling 45± acres. The site offers a unique opportunity, with varying options for a creative investor/developer.

Property Overview:

• 15± acres of the site are ground leased to a national solar company.
• 8.5± acres are wetlands.
• 21.5± acres remaining consisting of contiguous and non-contiguous acres which may present opportunities for subdivision(s).

300 South Main Street is located directly on Route 140 in Hopedale, Massachusetts and abuts the Town of Bellingham. The Property is approximately 2.7 miles to/from Route 495 at Exit 46 (Medway/Bellingham Route 126) providing central access to both Interstate 90 (Mass Pike) and Interstate 95.

Lot Size: 44.67 acres

Map of 300 South Main Street, Hopedale, MA, 01747

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.