Hopkinton, RI Sullivan & Sullivan Auctioneers will host the upcoming public auction of 17 acres of undeveloped land at Exit 1. The large, family-owned parcel with significant frontage on Rte. 3 and direct on/off access to I-95 is being offered under an “Absolute Auction” format. It will be sold to the highest qualified bidder with no-minimum set by the 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 Rtes. 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 St. on Friday May 14th at 11am. Auction details can be found at Sullivan-auctioneers.com