Retail
For Sale
Contact for pricing
389 Worcester, Framingham, MA 01701
For-sale retail storefront property offering 2,677 square feet of commercial space in Framingham, MA.
Property Size2,677 SF
Price / SF$0.01
Days on Market97
Property Features for 389 Worcester
General Information
Standard status
Active
Size
2,677 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Commercial Property Advisors, LLC
Listed By:
Marci Alvarado
(508) 561-8770
Source:
Lockandkeyre
Added: Jul 15
Changed: Oct 16
Last Checked: Oct 16 at 8:48AM
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 Commercial Property Advisors, LLC
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Investment Insights
Based on property information with market context.
This for-sale retail storefront property includes 2,677 square feet of commercial space, positioned for retail-related uses. The asset is categorized as retail space within the broader storefront and retail property types.
The property is located at 389 Worcester in Framingham, Massachusetts (01701). Additional property details such as tenant status, specific unit configuration, and site or building amenities were not provided with the listing information.
For buyers and tenant representatives, this is a straightforward retail-focused asset with documented total space of 2,677 square feet, suitable for considering a range of retail occupancy needs based on the specific requirements of the end user.
The property is located at 389 Worcester in Framingham, Massachusetts (01701). Additional property details such as tenant status, specific unit configuration, and site or building amenities were not provided with the listing information.
For buyers and tenant representatives, this is a straightforward retail-focused asset with documented total space of 2,677 square feet, suitable for considering a range of retail occupancy needs based on the specific requirements of the end user.
Key Highlights
- For‑sale retail storefront property in Framingham, MA
- 2,677 SF of commercial retail space
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,476
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,520
$769.5K
Cap Rate 7%
$549,657
$549.7K
Cap Rate 9%
$427,511
$427.5K
Market Conditions
NOI Build-Up for 2,677 SF
Gross rent
$58.8K $21.96/SF
− Vacancy
−$3.8K −$1.43/SF
EGI
$55.0K $20.53/SF
− OpEx
−$16.5K −$6.16/SF
NOI
$38.5K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,520
Cap Rate 7%
$549,657
Cap Rate 9%
$427,511
Alternative Uses
Best Use
Retail
$549.7K
$481.0K – $641.3K
NOI $38,476 @ 7.0% cap · market cap 167,286.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,934 @ 7.0% cap · market cap 482,321.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property offering 2,677 square feet of commercial space in Framingham, MA.
Where is this storefront property located?
The property is located at 389 Worcester Framingham, MA.
What are key features of this property?
This property features: For‑sale retail storefront property in Framingham, MA; 2,677 SF of commercial retail space; Built in 1900
