Subject property is restricted use, consists of 15++ acre parcel of vacant land situated on easterly side of Main Street, Rout 3 contained within a Manufacturing (M) Zone. Subject is located on Main Street in the Town of Hopkinton, Rhode Island. The property is further identified in tax assessor's records as Plat 7, Lot 59 and according to municipal records is owned by Gingerella, Madeline A, Frank C, Samuel J, Louis W, Joseph W, and Phyllis E. A Legal description can be found in the Land Evidence Records in the Town of Hopkinton, RI in Deed Book 309 at page 330. The subject is currently assessed for $363,500 with an annual tax bill of $5,158.06. The subject is located in the Town of Hopkinton, which is situated in the extreme southwesterly section of the State of Rhode Island within ½ mile fro, the Connecticut state line. The subject parcel is situated on Main Street (Route 3) across the street from the off-ramp of Interstate Route 95 at Exit 1. Properties in the immediate neighborhood include a mixture of vacant land and residential properties. The neighborhood is considered to be in its infiltration stage of commercial/industrial development. Recently properties have sold in this area for industrial warehousing and most recently a complex project is pegged for Exit 1, Wellstown Road. See attached information.

Description of Real Estate Site Characteristics

Land Area: The total land area encompasses approximately 15 acres

Shape: The site is irregular in shape with 550+- lineal feet of frontage on Main Street

Location: The subject site is situated on the easterly side Main Street. Main Street

Soil Conditions: According the Soil Survey of RI, Panel 132#, the soil of front westerly portion of the site is classified as CdB-Canton and Charlton fine sandy loams, 2 to 8 percent slopes; the rear easterly portion is classified as Rf-Ridgebury,Whitman and Leicester extremely stoney fine sandy loams; the northerlyportion is classified as WhB-Woodbridge fine sandy loam, 3 to 8 percentslopes.