861 Edgell RdFramingham, MA 01701

Property Details for 861 Edgell Rd

Year built

1974

Construction

STEEL FRAME

Lot size

1.04 AC

Property size (Sq ft)

13,327 SF

Zone code

B-2

Property type

Retail space

APN

FRAM M:037 B:34 L:6470 U:000

APU

FRAMM037B34L6470U000

Description

This exceptional retail property, located at 861 Edgell Rd in Framingham, offers a versatile 2,000 square foot space ideal for a variety of businesses. Situated on a 1.04-acre lot (43,000 square feet), the property boasts a total building size of 13,330 square feet, with ample parking for 42 vehicles. The building, constructed in 1974 and renovated in 1980, is classified as Class B and features a two-story design. The zoning is AR11, allowing for a range of commercial uses. While the building currently has a single tenant, this 2,000 square foot space is immediately available for lease. The property's building floor area ratio (FAR) is 0.29. This location provides excellent accessibility and proximity to essential amenities, making it an attractive option for businesses seeking a thriving commercial environment. The property presents a unique opportunity to establish or expand a business in a well-established area. No elevators are present in the building. This space is adaptable to various business needs, from offices and studios to service-based enterprises. Don't miss this chance to secure a prime retail location in a bustling Framingham area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,238,926

  6.5%

  $2,989,778

  7%

  $2,776,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,388,090

  Geo Method

  $4,388,090

• Alternative Use

  Use

  Valuation

  Residential

  $2,521,990

  Hospitality

  $2,310,129

  Educational

  $1,922,000

  Medical

  $1,988,101

  Retail

  $2,989,778

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.3276

Longitude

-71.4352

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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