Versatile Retail Storefront
371 Grant St Framingham, MA 01702
371 Grant St, Framingham, MA, 01702
$375,000
For Sale
$375,000
Flexible open-layout storefront with ample parking and convenient access to transit and major routes.
Property Size1,000 SF
Price / SF$375
Days on Market49
Property Features for 371 Grant St
General Information
- Standard status
- Active
- Size
- 1,000 SF
Building Details
- Year Built
- 2025
Listing agency
Coldwell Banker Realty - Framingham
Listed by
Donna Gittelsohn
Source
413realestate
Added: Jun 5 Updated: Jul 10 at 1:53PM Checked: Jul 23 at 3:21AM
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 Coldwell Banker Realty - Framingham
Investment Insights
Based on property information with market context.
This versatile retail storefront offers an open layout that can be tailored to a wide range of business needs. The property is positioned for commercial use with a focus on visibility and storefront frontage, supported by convenient access and ample parking for customers.
Located at 371 Grant St in Framingham, the property provides connectivity to regional transportation. The public remarks note it is about 1.2 miles to the train to Boston and minutes to Routes 30/9/135 and the Mass Pike, which can support straightforward customer and employee access.
The space is described as suitable for retail and service-oriented concepts, and the remarks also reference potential uses such as a boutique office, studio, medical/beauty, specialty food, and professional services, subject to zoning and municipal approvals. Prospective buyers and tenants should perform their own due diligence regarding permitted uses, required approvals, and all compliance items, including verification of zoning, utilities, and any other regulatory requirements.
Located at 371 Grant St in Framingham, the property provides connectivity to regional transportation. The public remarks note it is about 1.2 miles to the train to Boston and minutes to Routes 30/9/135 and the Mass Pike, which can support straightforward customer and employee access.
The space is described as suitable for retail and service-oriented concepts, and the remarks also reference potential uses such as a boutique office, studio, medical/beauty, specialty food, and professional services, subject to zoning and municipal approvals. Prospective buyers and tenants should perform their own due diligence regarding permitted uses, required approvals, and all compliance items, including verification of zoning, utilities, and any other regulatory requirements.
Key Highlights
- Year built 2025
- Flexible open‑layout storefront for a variety of business uses
- Ample parking with convenient access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $21.96 |
| − Vacancy | −$1.4k | −$1.43 |
| EGI | $20.5k | $20.53 |
| − OpEx | −$6.2k | −$6.16 |
| NOI | $14.4k | $14.37 |
1,000 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$205.3K
$179.7K – $239.6K
NOI $14,373 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Flexible open-layout storefront with ample parking and convenient access to transit and major routes.
Where is this storefront property located?
The property is located at 371 Grant St Framingham, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Year built 2025; Flexible open‑layout storefront for a variety of business uses; Ample parking with convenient access
