280 Irving StFramingham, MA 01702

Property Details for 280 Irving St

Year built

1900

Construction

STEEL FRAME

Lot size

3.56 AC

Property size (Sq ft)

63,285 SF

Zone code

M

Property type

Commercial real estate

APN

FRAM M:135 B:04 L:8470 U:000

APU

FRAMM135B04L8470U000

Description

This exceptional 61,144-square-foot industrial property, located at 280 Irving Street in Framingham, Massachusetts, presents a significant leasing opportunity. The building, classified as manufacturing, flex, and warehouse space, sits on a generous 3.6-acre lot in Middlesex County, zip code 01702. Currently, a substantial 60,105 square feet of space is available for lease, ideal for a variety of industrial or flex-space businesses. The building features a desirable 15-foot ceiling height, providing ample vertical space for storage or operations. Two loading docks ensure efficient loading and unloading of goods. The property's multiple tenancy designation suggests flexibility in lease terms and potential for subleasing. This prime location in Framingham offers excellent access to major transportation routes, making it an attractive option for businesses needing convenient logistics. The property's size and features make it suitable for a wide range of industrial uses, from manufacturing and warehousing to distribution and light assembly. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $11,858,000

  6.5%

  $10,945,800

  7%

  $10,164,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,268,820

  Geo Method

  $8,268,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,549,800

  Retail / Commercial

  $11,050,600

  Mixed-Use / Specialty

  $11,011,200

  Hospitality / Lodging

  $8,078,580

  Office

  $10,945,800

  Institutional / Educational

  $11,447,200

  Residential Income

  $13,393,300

  Multifamily

  $16,063,200

  Automotive / Energy

  $9,811,910

  Parking / Income-Based Land

  $3,385,970

  Restaurant / Food Service

  $5,727,020

  Healthcare / Senior Housing

  $11,291,800

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.2727

Longitude

-71.4087

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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