1291 Worcester RdFramingham, MA 01701

Property Details for 1291 Worcester Rd

Year built

1980

Construction

STEEL FRAME

Lot size

0.67 AC

Property size (Sq ft)

8,044 SF

Zone code

B

Property type

Office buildings

APN

FRAM M:099 B:93 L:4569 U:000

APU

FRAMM099B93L4569U000

Description

This exceptional two-story, 8,000 square foot executive office building is strategically located on Route 9 in Framingham, Massachusetts, offering unparalleled visibility and accessibility. Built in 1980, this Class B property boasts five individual units, ideal for a variety of uses. The 0.67-acre lot provides ample parking for 35 vehicles. Its prime location on the westbound lane of Route 9, near the Temple Street intersection, ensures convenient east-west access. The building's permitted B zoning allows for diverse commercial applications, including medical, office, or retail uses. The asking price is $2,250,000, translating to $281.25 per square foot. This owner-user opportunity presents a compelling investment in a high-traffic area with strong potential for growth. The property features excellent frontage and visibility on a major thoroughfare, making it an attractive option for businesses seeking a prominent location. The building's layout and ample parking make it a highly functional and desirable space. This is a rare opportunity to acquire a well-maintained, established commercial property in a thriving Massachusetts market. The property is situated in Middlesex County, with a Framingham, MA 01701 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $1,329,914

  6.5%

  $1,227,612

  7%

  $1,139,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,051,029

  Geo Method

  $1,051,029

• Alternative Use

  Use

  Valuation

  Residential

  $1,522,239

  Hospitality

  $1,394,363

  Educational

  $1,160,094

  Medical

  $1,199,991

  Retail

  $1,804,590

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.2979

Longitude

-71.4509

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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