Hanover, MA Commercial Real Estate for Sale and Lease
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What to Expect
Located approximately 23 miles northeast of Boston, this Plymouth County town has a population of around 14,000. It's large enough to have a few defined business districts, and you can take your pick from office, industrial and retail space that spans a wide array of features and characteristics. With our search feature, finding the perfect thing is a snap.
Find Commercial Properties in Hanover, MA
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This town of 13,879 residents is located in Plymouth County, Massachusetts, and is primed for a wave of new real estate development. The municipality was incorporated in 1727, and is comprised of 15.6 square miles that is located only 20 miles southeast of the major metropolis of Boston. A place distinguished by a number of small scenic ponds, the town is bordered by three major waterways, the Indian Head River and North River, as well as a brook known as the Third Herring.
In terms of commercial development, the town is well-suited to bring in business traffic. Route 123, Route 129, and Route 3 pass through the main part of town, making it accessible to both suburban denizens and visitors. The city is also home to several locally run institutions, including the John Curtis Free Library, the Hanover Police Department, the Hanover Fire Department, and two post offices.
Office Space Market
With a supply of stand-alone structures and business parks, this town has many opportunities for those looking to rent, lease or buy prime office space. The business park at 155 Webster Street has a total area of 50,900 square feet, with numerous “flex” spaces allowing investors to create their custom enterprise. A recent space was leasing for only 63 cents a square foot per month.
The 6,000 square foot structure at 1130 Washington Street offers a different style of office space, with charming gabled roofs, multiple chimneys, and a sparkling, white exterior with brown trim. A sloped parking lot and driveway, with a small landscaped area for tenants to enjoy a break or stroll in the outdoors, finishes off the front of the property, while a series of trees growing behind the property creates a lush, almost pastoral vibe. A recent space in this structure was expected to rent for $1.08 a square foot per month.
The 19,482 square foot structure at 193 Rockland Street offers a mix of office space and storefront retail inside of a gorgeous, multiple-skylight building with charming gables and a honey-colored roof. A parking lot directly out front makes it easy to access for visitors. The average expected rent for this property is $1.00 per square foot per month.
For those who are inclined toward a more industrial type of office space, the 50,900 square foot building at 155 Webster Street offers flex space for an estimated rent of 58 cents per square foot per month. Enclosed in a solidly rectangular envelope, the property offers easy parking and a modern architectural style.
The 9,967 square foot property at 962 Washington Street features an attractive second story that perches on top of the roof of the steeply gabled first story, creating a dazzling structure that is well-suited for office and storefront retail space. A parking lot, in tandem with a forest, surrounds the building, creating a picturesque place for a new business. The estimated rental price for this property is $1.42 per square foot per month.
Buyers or those who wish to lease who have an affinity for brick will enjoy the 10,100 square foot property at 1399 Washington Street, which offers office spaces in an elegant brick building that is directly accessible from the street. The estimated rental price is $1.50 per square foot per month. Another stylish property, 195 Hanover Street, offers signature office spaces in a 7,704 square foot building with three stories, including a garden level. This property was recently listed for sale at $799,000, a steal for a savvy investor.
In the category of exceptional values, the four properties that make up the 12,000 square foot plus suite of office spaces at 269 Hanover Street feature a range of elegant multi-floor windows, tile, and brick accents for a sale price of $1,350,000, which is roughly $155.10 per square foot. With elegant landscaping enclosing the private parking lot, this investment offers some of the best property values in the town.
Retail Space Market
Befitting its small-town charm, many of the retail spaces in this area are perfect for boutique businesses, or more intimately scaled franchises. The 1,163 square foot property at 122 Webster Street, which is classified as retail, is a one-story structure with mullioned windows that feels very much like a home while still offering excellent access to shoppers. The property was recently listed for sale for an undisclosed amount.
The structure at 1800 Washington Street, meanwhile, has 4,480 square feet of space with an adjacent parking lot and a modern-styled building with ample floor to ceiling glass display windows along the front side. A smooth rectangular front above the display windows is ideally suited for custom display signage. This property has an estimated rental price of $2.92 per square foot per month.
The 11,018 square foot building at 1131 Washington Street has an exterior that could be said to take some inspiration from Frank Lloyd Wright’s Frank L. Smith Bank. With its prominent defined rectangular columns and signature flat-top roof accents, this stylish general retail space is sited on a major boulevard and features a driveway linked directly to the road to make it easily accessible to vehicular traffic. The property was recently listed for sale at $1.85 million, and has a total lot size of 1.14 acres.
The properties at 220-280 Columbia Road, which form a collective 33,918 square feet, offer numerous units that are classified as general retail. The steep gabled roofs on this property, combined with a stylish elliptical hollow and a bold rectangular collonade, make these properties instantly recognizable to passerby. The gray roof tiles and sparkling white exterior give way to a roomy parking lot. A nearby forested area provides a beautiful backdrop of trees, many of which change color with the seasons.
For those who prefer a sleekly modern architectural style without excessive ornamentation, the properties at 1408-1422 Washington Street offer general retail space with large storefront display windows and roomy interiors that can be arranged to take on almost any configuration. Built next to a parking lot, the 24,000 square foot structure includes ample display areas for business signage and easy access to the center of town.
The general retail and storefront property at 1167 Washington Street features light blue canopies that not only serve as protection from the elements, but also create a striking visual accent to passerby. With 60,000 square feet, the property has multiple units dedicated to retail, and is sited next to a parking lot that features numerous round landscaped islands to distinguish parking groups from one another. The estimated rent for this property has not been disclosed.
Combining the stylish trademarks of a neighborhood store with an abundant number of commercial square feet, the 8,800 square foot property at 197 Rockland Street features a multi-toned palette, from the light brown roof to the individually colored gables, which create a soothing trifecta of white, amber, light yellow. A wrap-around porch provides opportunities for upstairs tenants to enjoy the outdoors, and provides a shelter against the elements for the downstairs tenants. The estimated rental price is 67 cents a square foot per month.
The properties at 35-55 Columbia Road, which collectively house 60,273 square feet, offer enormous amounts of square footage for general retail in an easily accessible location.
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Commercial Property List