SOLD
SVN / Parsons Commercial Group Acquires Development Site In Hopkinton For $3.8M
48-52 Main Street & 6 Cedar Street
Development Site
29,386 SF
29,386 SF
Sold 35 days ago
Summary
Sale
MASSACHUSETTS
Development Site
29,386 sqft
The development site located at 48-52 Main Street & 6 Cedar Street in Hopkinton, MA, was sold for $3,800,000. Spanning 14,693 square feet, the property was acquired by SVN / Parsons Commercial Group from the seller, Dennis Katz, at a price of $259 per square foot.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,800,000
- Market: Hopkinton, MA
- Asset Type: Development Site
- Buyer: SVN / Parsons Commercial Group
- Seller: Dennis Katz
Kyle Parsons from Parsons Commercial Group represented the buyer in this transaction, while Kelly McGovern from McGovern Commercial Sales and Leasing acted as the seller's representative. The buyer has proposed a 60,000 SF mixed-use development that will feature both residential units and street-level retail spaces.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Kyle Parsons
DATE: 04/30/2024
ADDRESS: 48-52 Main Street & 6 Cedar Street
MARKET: Hopkinton, MA
ASSET TYPE: Development Site
BUYER: SVN / Parsons Commercial Group
SELLER: Dennis Katz
BUYER'S REP: Kyle Parsons - Parsons Commercial Group
SELLER'S REP: Kelly McGovern - McGovern Commercial Sales and Leasing
SALE PRICE: $3,800,000
SF: 14,693 ~ PPSF: $259
NOTE FROM BUYER: Proposed 60,000 SF Mixed-Use Development Consisting of Residential and Street Level Retail.View on map
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Address48-52 Main Street & 6 Cedar Street
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