50 Worcester RdFramingham, MA 01702

Property Details for 50 Worcester Rd

Year built

1986

Construction

STEEL FRAME

Lot size

1.61 AC

Property size (Sq ft)

40,107 SF

Zone code

B

Property type

Super regional malls

APN

FRAM M:104 B:43 L:5689 U:000

APU

FRAMM104B43L5689U000

Description

Venture West Plaza offers exceptional medical office space in the highly desirable Metrowest submarket of Framingham/Natick. This Class A, two-story building, constructed in 1987, boasts a striking architectural design and is ideally situated on Route 9, directly across from Shoppers World, providing unparalleled visibility and accessibility. The property features ample parking and convenient access to major roadways, including the Mass Pike and Route 30. Units range from 1,920 to 3,750 contiguous square feet, with 9'10" ceilings and one passenger elevator. The building is zoned B and benefits from a strong tenant mix, including established businesses such as Legal Seafood, AT&T, Jos. A. Banks, and several other retail and medical tenants. Recent additions to the tenant roster include Battleground Games & Hobbies, further enhancing the property's appeal and foot traffic. This is a rare opportunity to secure prime medical office space in a thriving, high-traffic location. The property offers multiple tenancy options, making it suitable for a variety of medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $7,586,960

  6.5%

  $7,003,350

  7%

  $6,503,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,450,000

  Geo Method

  $5,450,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,657,200

  Mixed-Use / Specialty

  $6,978,380

  Hospitality / Lodging

  $5,119,820

  Office

  $6,936,930

  Institutional / Educational

  $7,254,710

  Residential Income

  $8,488,010

  Multifamily

  $10,180,100

  Automotive / Energy

  $6,218,320

  Parking / Income-Based Land

  $2,145,870

  Restaurant / Food Service

  $3,629,510

  Healthcare / Senior Housing

  $7,156,200

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.2982

Longitude

-71.395

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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