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Climate-Controlled Storage Development
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71 Bishop St, Framingham, MA 01702

Development opportunity proposing climate-controlled and non-climate storage units totaling 80,000 net rentable square feet in phase one.

Property SizeContact for details
Days on Market120

Property Features for 71 Bishop St

General Information

Standard status Active
Property subtype Industrial, Self Storage
Listing Agency: Marcus & Millichap - Columbus
Listed By: Nathan Coe · License #OH 2015003418
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Columbus

Investment Insights

Based on property information with market context.

This development opportunity proposes a self-storage facility in Framingham, Massachusetts, with phase one including 717 climate-controlled units and 213 non-climate units totaling 80,000 net rentable square feet. The offering includes land and site plan approvals.

The site encompasses 5.74 acres and is located about 16 miles west of downtown Boston. The property is presented for sale by Marcus & Millichap, with lead broker Nathan Coe available for more information.

For planning purposes, phase one is structured to include both climate-controlled and non-climate storage unit mixes within the first development stage.

Key Highlights

  • Development opportunity in Framingham, MA proposing 717 climate‑controlled storage units and 213 non‑climate units.
  • Phase one includes 80,000 net rentable square feet of storage units (climate‑controlled and non‑climate).
  • Project sits on 5.74 acres of land.

Property Analytics

Current Use

Public Storage Storage Facility

Suggested Use

Top Pick Real Estate Agency Restaurant Pharmacy Building Supply Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,021
Businesses Nearby

Demographics for 01702, MA

39,515
Population
15,303
Households
2.6
Avg Household Size
35
Median Age
39%
College-Educated
83%
High-School Grad
8.2 sq mi
ZIP Area
4,819
Density / Sq Mi
$78,784
Median Household Income
$41,792
Median Earnings
$1,822
Median Rent
$563,600
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Development opportunity proposing climate-controlled and non-climate storage units totaling 80,000 net rentable square feet in phase one.
Where is this self storage facility located?
The property is located at 71 Bishop St Framingham, MA.
What are key features of this property?
This property features: Development opportunity in Framingham, MA proposing 717 climate‑controlled storage units and 213 non‑climate units.; Phase one includes 80,000 net rentable square feet of storage units (climate‑controlled and non‑climate).; Project sits on 5.74 acres of land.
(614) 360-9800 Call to check price and availability
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