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    495 Old Connecticut Path Framingham, MA 01701

    Sponsored
    For Sale
    $3,800,000

    Prime Office Space, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional three-story office building, situated at 495 Old Connecticut Path in Framingham, MA, presents a compelling investment opportunity. The 12,670 square foot brick and steel structure boasts a desirable location with prominent exterior signage potential. The building features an attractive design with a generous window line, ensuring ample natural light throughout. Efficient floor plans and a passenger elevator enhance functionality and tenant convenience. Ample parking is available for tenants and visitors. Currently, the building is 33.77% leased to three separate tenants, each with separately metered utilities. A significant portion of the building, totaling 8,392 square feet, is available for an owner-occupant, providing immediate potential for increased revenue and utilization. The property sits on a 0.68-acre lot. The building's design and layout are well-suited for conversion into office condominiums, offering a flexible and potentially lucrative future development path. This property offers a blend of immediate income potential and long-term growth opportunities in a highly desirable Framingham location. The asking price is $3,800,000. This is a rare opportunity to acquire a well-maintained, multi-tenant office building with significant upside potential.

    Property Features for 495 Old Connecticut Path

    General Information

    Property type
    Other commercial real estate
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1981
    Property Profile Location Intelligence

    Current Use by Public Records

    Partner Engineering and Science, ... Environmental Consultant New Dover Associates, ... Commercial Real Estate Agency Technical Staffing Associates Employment Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3923
    Latitude
    42.31208

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Office Space, High Visibility
    Where is this commercial real estate located?
    The property is located at 495 Old Connecticut Path Framingham, MA.
    What is the asking price?
    The asking price for this property is $3,800,000.
    (508) 370-0405
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    495 Old Connecticut Path Framingham, MA 01701
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    Framingham, MA 01701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    495 Old Connecticut Path Framingham, MA 01701
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