12 Cedar Street offers a rare BD-zoned redevelopment opportunity in the heart of downtown Hopkinton. Situated on a 19,166 SF parcel with an existing 4-unit residential building (built 1870), the site provides stable income with substantial upside through redevelopment into a mixed-use or higher-density residential project. Located just steps from Main Street and surrounded by breweries, restaurants, and amenities, this property benefits from recent town infrastructure upgrades and a pro-growth stance toward infill and mixed-use projects. The site compares favorably to the Main Street Crossing project, a nearby 1.35-acre redevelopment into a 60-unit, 3-story mixed-use building — demonstrating strong town support for density and walkable development. Highlights • Lot Size: 0.44 acre / 19,166 SF • Building Size: 2,857 SF (4-unit residential) • Zoning: BD (Downtown Business – allows residential, commercial, and mixed-use by right) • Current Income: $5,670/month ? $68,040/year • Market Rent Potential: $7,000/month ? $84,000/year • Rental Upside: +$15,960 annually (23.5% gain) • Income-Based Value: Up to $900K • Redevelopment Estimate: $1.3M – $1.5M (based on density/unit values) • Potential Use: ±10–11 residential units + ground-floor retail Investment Highlights • Rare downtown Hopkinton infill parcel with strong comparables • Strategic by-right zoning allows flexible development paths • Current income covers holding costs while entitling/redeveloping • Walking distance to Main Street amenities • Easy highway access to I-495 and Route 135 Asking Price $1,150,000 Contact Information Ryan Taylor ryantaylor4444@gmail.com (508) 802-7322