Commercial at 49 Mechanic Street, Hopkinton
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$995,000

49 Mechanic Street
Hopkinton, RI 02832
Listed by Michael Russo
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1920

About this home

Over 9 acres of prime real estate situated just moments off I-95 in desirable Hope Valley is now available for sale or lease. Currently improved by a 20,000 square foot commercial building this property has many potential uses. Most recently utilized as a cultivation facility, which could be easily restored to include cannabis dispensary/retail, or converted into many other uses such as recreation, manufacturing, agricultural, construction/contractor, industrial sectors or perhaps a conversion into a residential development. Also featuring a young septic system, upgraded electrical service, young climate control, 2 loading docks, 2 ground level doors & more. Very tranquil setting with the pristine Wood River outlining the parcel's eastern & southern property lines. Expansion plans available for review. The possibilities are simply endless. Also available for lease at $10/sq ft annually. Contact listing broker for more info and further available due diligence documentation.

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1421505
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
August 25, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
100
Lot size
9.78 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hope Valley Elementary School
0.67 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
280
Student:teacher ratio
18.7:1
District
Chariho
Middle
Chariho Regional Middle School
3.75 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
906
Student:teacher ratio
12.9:1
District
Chariho
High
Chariho High School
3.68 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,084
Student:teacher ratio
13.4:1
District
Chariho

Walkability

Blended score for Hopkinton's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

34
Car-dependent
out of 100
EPA National Walkability Index
7.5 / 20 -- Below average walkable
Google Places amenity density
28 / 100
Restaurants & cafes1
Grocery stores0
Parks3
Schools2
Transit stops0
Pharmacies0

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,142/mo
$199,000 down
$796,000 loan
Principal & interest$5,163
Property tax (est.)$829
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated September 5, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.