Restriction: $10000 Bid Deposit Required (Lot# 31846-1)
15 Thelma Dr. Hopkinton, RI 02832
61d19h(Aug 03, 2026 09:00 PM UTC)
Sealed Bid
Location:
Hopkinton, Rhode Island, USADescription
| Condition | Used/See Description |
| Lot Number | 31846-1 |
Town of Hopkinton, Rhode Island
Open Houses: Monday, June 15, 2026 AND Monday, July 13, 2026
WALK THROUGH VIDEO
AERIAL DRONE FOOTAGE
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.
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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
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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
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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.
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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.
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QUESTIONS?
All inquiries must be submitted through the GovDeals Q&A section of this listing. On-site questions may be directed to the designated town contact during the scheduled open houses.
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Attachments
Q & A
Have a question or looking to schedule an appointment?
Seller Information
Seller:
Item Location:
Account Type:
Government
Inspection
Payment
PAYMENT INSTRUCTIONS
Bid Deposit
A bid deposit of $10,000 is required at the time of bid submission and must be submitted through the GovDeals platform along with your completed Letter of Intent. Bids submitted without a deposit and Letter of Intent will not be considered.
Successful bidder: deposit will be applied toward the purchase price at closing
Unsuccessful bidders: deposits will be fully refunded in accordance with GovDeals procedures
If the successful bidder fails to close: deposit may be forfeited at the Seller's sole discretion.
Removal
Closing & Payment of Purchase Price
Once the Town of Hopkinton has accepted a bid and received all required federal, state, and local approvals, the winning bidder will be notified. The full purchase price and all associated closing costs shall be due and payable at closing. The closing date and time shall be mutually negotiated between the Buyer and the Town of Hopkinton. Payment of the GovDeals 3.5% administrative fee shall be made at closing, subject to the recording of the deed from Seller to Buyer.
Acceptable Payment Methods
Wire transfer
Certified bank check
Such other methods as approved in writing by the Town of Hopkinton's closing attorney
Personal checks and cash will not be accepted.
Buyer's Closing Costs
The winning bidder is responsible for all costs associated with the transaction including:
GovDeals administrative fee
Deed preparation and recording fees
Real estate transfer taxes as applicable under Rhode Island law
Settlement and closing fees
Any other transactional or legal costs
All funds will be collected through escrow at closing coordinated by the Town of Hopkinton's legal counsel. The GovDeals administrative fee will be remitted to GovDeals directly from escrow proceeds upon recording of the deed.
Default
Failure to close by the agreed upon closing date may result in cancellation of the award, forfeiture of the bid deposit, and the property being offered to the next highest qualified bidder or relisted on GovDeals
Special Instructions
Property Sold As-Is
The property is being sold As-Is, Where-Is, with all faults. The Town of Hopkinton makes no representations or warranties of any kind regarding the condition, environmental status, zoning, or permitted uses of the property. Bidders are strongly encouraged to conduct independent due diligence prior to submitting a bid.
Additional Information
First time bidding? Please review our Terms and Conditions.
For further assistance please review our Frequently Asked Questions.