15 Thelma Dr - Hope Valley Elementary School 27,127 SF Specialty Building Offered For Sale in Hope Valley, RI 02832

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.