Flexible Retail and Office
371 Grant Street Framingham, MA 01702
371 Grant Street, Framingham, MA, 01702
$395,000
For Sale
$395,000
Versatile open-layout retail space with flexible use potential and convenient access in a neighborhood setting.
Property Size1,000 SF
Price / SF$395
Days on Market98
Property Features for 371 Grant Street
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency
Coldwell Banker Realty - Framingham
Listed by
Donna Gittelsohn
(617) 846-8000
Source
Highlandre
Added: Apr 15 Updated: Jul 20 at 4:02 pm Checked: Jul 20 at 4:02 pm
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 space offers an open layout designed for customization to fit a range of business needs. The property is positioned as a flexible option for uses such as retail, service-based businesses, a boutique office or studio, medical/beauty, specialty food concepts, or professional services, subject to zoning and municipal approvals.
The location is described as having strong frontage, high visibility, and convenient access, with ample parking. The public remarks also note proximity to local transit and nearby routes including 30/9/135 and the Mass Pike.
Prospective buyers and tenants should conduct their own due diligence regarding zoning, permitted uses, and any required approvals, as well as independently verify all information including size, utilities, and compliance with local regulations.
The location is described as having strong frontage, high visibility, and convenient access, with ample parking. The public remarks also note proximity to local transit and nearby routes including 30/9/135 and the Mass Pike.
Prospective buyers and tenants should conduct their own due diligence regarding zoning, permitted uses, and any required approvals, as well as independently verify all information including size, utilities, and compliance with local regulations.
Key Highlights
- Year built: 2025
- Open layout retail space with flexibility to customize for a variety of business uses
- Suitable for retail, service‑based businesses, boutique office/studio, and professional services (subject to zoning and municipal approvals)
Local Financial Insights For Office B
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 | $54.2k | $54.24 |
| − Vacancy | −$11.9k | −$11.93 |
| EGI | $42.3k | $42.31 |
| − OpEx | −$10.6k | −$10.58 |
| NOI | $31.7k | $31.73 |
1,000 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.3K
$396.6K – $528.8K
NOI $31,730 @ 7.0% cap · market cap 8.03%
Second Best
Retail
$205.3K
$179.7K – $239.6K
NOI $14,373 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Versatile open-layout retail space with flexible use potential and convenient access in a neighborhood setting.
Where is this retail space located?
The property is located at 371 Grant Street Framingham, MA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Year built: 2025; Open layout retail space with flexibility to customize for a variety of business uses; Suitable for retail, service‑based businesses, boutique office/studio, and professional services (subject to zoning and municipal approvals)
