205 Newbury StFramingham, MA 01701

Property Details for 205 Newbury St

Year built

1986

Construction

STEEL FRAME

Lot size

2.79 AC

Property size (Sq ft)

57,018 SF

Zone code

M-1

Property type

Office buildings

APN

FRAM M:072 B:58 L:3275 U:000

APU

FRAMM072B58L3275U000

Description

205 Newbury Street in Framingham, MA, offers exceptional Class A office space in a meticulously maintained building. This single, four-story building boasts a total of 56,865 square feet, with multiple tenancy options available. Currently, there are 4,228 square feet of vacant space, divisible into units ranging from a minimum of 2,105 square feet to a maximum contiguous space of 2,123 square feet. The property sits on a generous 2.79-acre lot and provides ample free surface parking with 120 spaces. Conveniently located, the building offers easy access to major transportation arteries, including the Mass Pike and Route 9. Building amenities include two passenger elevators and on-site management. Verizon FIOS is available in all suites, ensuring high-speed internet connectivity. The building is situated in Middlesex County and features a traditional office layout suitable for a variety of businesses, also offering executive office options. This is an excellent opportunity to secure premium office space in a desirable location with convenient access and modern amenities. The property's size and layout offer flexibility for businesses of various sizes seeking a well-maintained and easily accessible office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $9,426,779

  6.5%

  $8,701,642

  7%

  $8,080,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,449,972

  Geo Method

  $7,449,972

• Alternative Use

  Use

  Valuation

  Residential

  $10,790,036

  Hospitality

  $9,883,615

  Educational

  $8,223,052

  Medical

  $8,505,855

  Retail

  $12,791,413

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.3106

Longitude

-71.392

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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