1 Worcester RdFramingham, MA 01701

  • Commercial real estate
  • 596,993 SF

Property Details for 1 Worcester Rd

Year built
1997
Construction
FRAME
Lot size
105.05 AC
Property size (Sq ft)
596,993 SF
Zone code
B
Property type
Commercial real estate
APN
FRAM M:094 B:55 L:1386 U:000
APU
FRAMM094B55L1386U000

Description

Shoppers World, a prominent 758,040 square foot open-air shopping center in Framingham, Massachusetts, offers exceptional retail opportunities. Located in the heart of the Golden Triangle, the largest retail destination in the Boston area, this center boasts a strong tenant mix and high foot traffic. Currently, three retail spaces are available, ranging from 1,936 to 1,969 square feet, ideal for a variety of businesses. The property features ample parking with 4263 spaces, ensuring convenient access for customers. Shoppers World is anchored by well-known national retailers such as AMC Theaters, Best Buy, World Market, Ulta, TJ Maxx, Nordstrom Rack, PetSmart, and Olive Garden, providing a diverse and attractive shopping experience. This prime location in Middlesex County, with the address 1 Worcester Rd, Framingham, MA 01701, offers excellent visibility and accessibility, making it an ideal investment for businesses seeking a thriving retail environment. The property is classified as retail and restaurant space with multiple tenancies. This presents a unique opportunity to establish a presence in a high-traffic, established shopping center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $112,974,424
    Hospitality
    $103,483,968
    Educational
    $86,097,448
    Medical
    $89,058,472
    Retail
    $133,929,360

Location Insight

City
Framingham
County
Middlesex
State
Massachusetts
Latitude
42.3028
Longitude
-71.3928
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
2020
$4,030,094
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