15 Thelma Dr. Hopkinton, RI 02832

Source-published description

Former Hope Valley School | 15 Thelma Dr, Hope Valley, RI 02832. Town of Hopkinton, Rhode Island. Only Sealed Bid's in excess of $500,000 shall be accepted/considered. Open Houses: Monday, June 15, 2026 Between 10AM and 2PM AND Monday, July 13, 2026. WALK THROUGH VIDEO. AERIAL DRONE FOOTAGE. LETTER OF INTENT:. The Town of Hopkinton will evaluate all submissions based on both the bid price and the bidder's stated intended use of the property. The Town is equally committed to the bid amount and the long-term benefit to the community, and reserves the right to select the bid that best serves both interests. Must submit letter of intent to maboukhater@govdeals.com. SEE ATTACHED BID DEPOSIT INSTRUCTIONS BELOW. PROPERTY OVERVIEW. The Town of Hopkinton, Rhode Island is offering for sale the former Hope Valley School, a landmark institutional property situated on 4.65 acres in the heart of Hope Valley. This is a rare opportunity to acquire a large, well-maintained brick building with significant redevelopment potential in a growing southern Rhode Island community. ---. BUILDING & SITE DETAILS. Building 1 27,127 SF | Brick construction | Built 1933 | Effective Year 1997 | Very Good condition. Building 2: 912 SF | Wood frame | Built 1995 | Average condition. Lot: 4.65 acres | Suburban setting | Paved driveway | Public water & electric. Outbuildings: Paved parking, chain link fence, tennis court, shed. Former use: Public School (State Code 934). Map ID: 027/000/00132 | Parcel: 36-6600-01. ---. RECENT CAPITAL IMPROVEMENTS. This property has been actively maintained and improved in recent years including:. - Full HVAC system replacement. - New boilers and hot water storage tank. - Updated fire alarm system. - LED lighting upgrades throughout. - New windows and rubber roof sections. - Steam system replacement. ---. REDEVELOPMENT POTENTIAL. Nearly 5 acres of land in a suburban Rhode Island setting offers tremendous flexibility for a wide range of development opportunities:. 55+ or affordable housing development — ample acreage to support multi-unit residential construction alongside the existing building. Assisted living or memory care facility — land size and existing structure are well suited for this growing market. Charter or private school campus — existing building plus outdoor space for athletic fields, playgrounds, or expansion. Community center or YMCA-style facility — gymnasium already in place, grounds allow for outdoor recreation, sports fields, or walking trails. Mixed-use development — combination of residential units, green space, and community amenities across the full parcel. All proposed uses are subject to Town of Hopkinton zoning approval and any deed restrictions established by the Town. SALE TERMS. Sale Method: Sealed Bid. Property Condition: Sold As-Is / Where-Is. The Town of Hopkinton makes no warranties or representations of any kind. Bid Deposit: $10,000 required with submission. Letter of Intent: Required — bidder must clearly state intended use of the property- to be released to bid. Send letter to Michael Aboukhater at maboukhater@govdeals.com. Bid Closing Date: August 3, 2026. Sale Subject To: Final approval by the Town of Hopkinton. The Town reserves the right to reject any and all bids. Buyer Responsible For: All closing costs including deed transfer, transfer tax, recording fees, settlement costs, and GovDeals administrative fee. QUESTIONS? All inquiries must be submitted through the GovDeals Q&A section of this listing. On-site questions may be