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Retail Space in Shared Commercial Setting
For Lease
$27 SF/Yr

5 Pierce St, Framingham, MA 01702

Located within a property that also includes Archive Social Club and Club Pilates.

Space SizeContact for details
Property Size3,000 SF
Days on Market10

Property Features for 5 Pierce St

General Information

Standard status Active
Size 3,000 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $143

Building Details

Building Size 3,000 SF
Year Built 1930
Listing Agency: Engel & Volkers Wellesley
Listed By: Cindy Laughrea
Source: Elliman
Added: Sep 26 Changed: Oct 3 Last Checked: Oct 4 at 12:16PM

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 Engel & Volkers Wellesley

Investment Insights

Based on property information with market context.

Retail space is part of a property that also contains Archive Social Club and Club Pilates. The building dates to 1930.

The address is 5 Pierce St in Framingham, Massachusetts. Walk Score is 70, Bike Score is 42, and Transit Score is 27.

Key Highlights

  • Shared property includes Archive Social Club and Club Pilates
  • 1930 building
  • Walk Score 70; Bike Score 42; Transit Score 27

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Barber Shop Plumbing Service Electrical Service Storage Facility HVAC Service

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

Lease Details

NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,340
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Framingham, MA

$22.51 /SF/Yr
Avg Asking Price
$10.29–$31.75 /SF/Yr
Price Range
4,998 SF
Avg Space Size

This space is priced 20% above the average of $22.51 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Located within a property that also includes Archive Social Club and Club Pilates.
Where is this retail space located?
The property is located at 5 Pierce St Framingham, MA.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Shared property includes Archive Social Club and Club Pilates; 1930 building; Walk Score 70; Bike Score 42; Transit Score 27
More about this property
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