Three-Story Multi-Tenant Office
For Sale
Contact for pricing
495 Old Connecticut Path, Framingham, MA 01701
Three-story office building zoned for office and medical use, 87.44% leased to four tenants with passenger elevator and parking.
Property Size12,670 SF
Price / SF$236.78
Days on Market1122
Property Features for 495 Old Connecticut Path
General Information
Standard status
Active
Size
12,670 SF
Elevators
Yes
Property subtype
OFFICE
Occupancy
87%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1982
Year Renovated
2022
Buildings
1
Stories
3
Building Size
12,670 SF
Construction
brick and steel frame
Tenancy
Multi
Listing Agency:
New Dover Associates, Inc.
(508) 370-0405
Listed By:
Scott R. Hughes
Source:
Moodyscre
Added: Jul 31, 2023
Changed: Aug 25
Last Checked: Aug 24 at 12:05PM
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 New Dover Associates, Inc.
Investment Insights
Based on property information with market context.
495 Old Connecticut Path is a three-story, 12,670 square foot brick and steel frame, multi-tenanted office building with a generous window line, efficient floor plans, a passenger elevator, and parking. Built in 1982, the property was renovated in 2008 and again in 2022.
The building is currently 87.44% leased to four tenants, with separately metered utilities for each tenant. A full floor of 4,196 RSF on the third floor can be made available immediately, or two full floors totaling 8,392 RSF on the second and third floors can be made available by February 1, 2024. The exterior offers a prominent signage location, and the building is suitable for office condominium conversion.
Zoning allows office, medical office, bank/credit union, R&D, or lab uses among other uses. The property is located at the intersection of Spean Street and Old Connecticut Path, one mile to the Mass Pike (I-90) at Exit 117, and close to Routes 9, 30, 27, 126, and 135. Natick Mall and Shoppers World are nearby, and Life Time fitness is located directly across the street from the property.
The building is currently 87.44% leased to four tenants, with separately metered utilities for each tenant. A full floor of 4,196 RSF on the third floor can be made available immediately, or two full floors totaling 8,392 RSF on the second and third floors can be made available by February 1, 2024. The exterior offers a prominent signage location, and the building is suitable for office condominium conversion.
Zoning allows office, medical office, bank/credit union, R&D, or lab uses among other uses. The property is located at the intersection of Spean Street and Old Connecticut Path, one mile to the Mass Pike (I-90) at Exit 117, and close to Routes 9, 30, 27, 126, and 135. Natick Mall and Shoppers World are nearby, and Life Time fitness is located directly across the street from the property.
Key Highlights
- 12,670 square foot three‑story brick and steel multi‑tenant office building with passenger elevator and parking
- Currently 87.44% leased to four tenants
- Separately metered utilities for each tenant
Property Analytics
Property Profile
Current Use
Lease Details
87.4%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building zoned for office and medical use, 87.44% leased to four tenants with passenger elevator and parking.
Where is this office building located?
The property is located at 495 Old Connecticut Path Framingham, MA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 12,670 square foot three‑story brick and steel multi‑tenant office building with passenger elevator and parking; Currently 87.44% leased to four tenants; Separately metered utilities for each tenant
