770 Water StFramingham, MA 01701

  • Commercial land
  • 45,437 SF

Property Details for 770 Water St

Year built
1960
Construction
STEEL FRAME
Lot size
4.85 AC
Property size (Sq ft)
45,437 SF
Zone code
B-2
Property type
Commercial land
APN
FRAM M:037 B:44 L:0665 U:000
APU
FRAMM037B44L0665U000

Description

This exceptional new construction retail space, located within the vibrant Nobscot Village in Framingham, Massachusetts, presents a unique leasing opportunity. Situated in a thriving mixed-use development, this property offers 10,000 square feet of vacant, ground-level retail space, ideal for a variety of businesses. The building is part of a larger project that includes 158 luxury apartments, ensuring a built-in customer base and high foot traffic. The space is divisible, with a minimum leasable area of 4,000 square feet and a maximum contiguous space of 6,000 square feet, providing flexibility for businesses of varying sizes. This presents an excellent chance to establish a presence in a rapidly growing area of MetroWest, benefiting from the synergy of a bustling residential community. The property is located in Middlesex County, offering easy access to major transportation routes and a diverse customer demographic. This is a rare opportunity to secure prime retail space in a brand-new, high-profile development, perfectly positioned for success. The modern design and convenient location make this an attractive option for businesses seeking a high-visibility location with strong potential for growth. Don't miss this chance to be part of a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,598,458
    Hospitality
    $7,876,141
    Educational
    $6,552,857
    Medical
    $6,778,220
    Retail
    $10,193,333

Location Insight

City
Framingham
County
Middlesex
State
Massachusetts
Latitude
42.3283
Longitude
-71.434
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$25,273
$994,600
-
$994,600
-
-
-
-

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