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Tue, May 18
A Compendium of Property & Capital News
Tue
May 18
A Compendium of Property & Capital News

Attractive Lot of Undeveloped Land Along I-95 an Opportunity for the Highest Bidder

April 25, 2021
17+/- Acre lot at Exit 1 in Hopkinton, Rhode Island

SANDWICH — Real Estate Auction firm, Sullivan & Sullivan Auctioneers will hold the upcoming public auction of 17+/- Acres of undeveloped land at Exit 1 in Hopkinton, Rhode Island. The large, family-owned parcel with significant frontage on Route 3 and direct on/off access to Route 95 North and South is being offered under an “Absolute Auction” format. It will be sold to the highest qualified bidder with no-minimum set by the property owner.

“This auction presents a tremendous opportunity for commercial development. With its prime location alongside a major interstate and the sheer size of the parcel, these 17+/- acres should prove very attractive to any number of manufacturing, transportation or other related businesses. Undeveloped land with direct on/off access to I-95 can be quite hard to come by. I can’t recall a similar offering coming up for auction in the past 15 years or more. This could be one of the last such parcels remaining on I-95 between Main and Virginia. We expect a high volume of bidders to come out on May 14.” Said Marianne Sullivan, President of Sullivan & Sullivan.

The property has come to auction as part of a family estate settlement among dozens of living heirs to the original owners. This remaining 17+/- acre tract was once part of a roughly hundred acre family-owned farm that was bisected by the construction of Routes 3 and 95. Other parcels had been sub-divided numerous times and sold off in pieces over the past 75 years.

The auction will take place live, on-site at 0 Main Street in Hopkinton, Rhode Island on Friday May 14 at 11am. Auction details can be found at Sullivan-auctioneers.com