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    541 Concord St Framingham, MA 01702

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    For Sale
    $1,500,000

    Free-standing commercial building with retail, storage, and basement space.

    Property size:
    8,800 SF

    Property Features for 541 Concord St

    General Information

    Standard status
    Active
    Size
    8,800 SF

    Building Details

    Year built
    1935

    Source: The Nexum Group Agent Robert Harrington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building with Drive-In

    This free-standing commercial building offers flexibility for many uses and types of space. Currently configured with approximately 3,200 square feet of retail space, 2,400 square feet of drive-in storage, and an additional 3,200 square feet of usable basement space, the property is situated on a busy commuter route with easy access from both driving directions, located just off Route 9 and Route 30. The well-maintained building presents opportunities for transformation into various uses, such as medical offices near the hospital, legal offices near the court house, or retail space with a drive-through bay for dry and clean loading and unloading. It could also function as a separate drive-in warehouse with a fenced-in yard for additional security. The building is also suitable for creating multiple spaces for different users, allowing an owner-occupant to offset ownership expenses with rental income. The total property size is 8,800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Corner Cabinet Cabinet Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4088947
    Latitude
    42.2907127

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    FAQs

    What type of property is this?
    Retail space - Free-standing commercial building with retail, storage, and basement space.
    Where is this retail space located?
    The property is located at 541 Concord St Framingham, MA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Highly visible, free-standing commercial building on a busy commuter route with easy access.; - Versatile space suitable for various uses: retail, medical, legal offices, or drive-in warehouse.; - Potential for multiple spaces to generate rental income and offset ownership expenses.
    (508) 877-1020
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    541 Concord St Framingham, MA 01702
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    Framingham, MA 01702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    541 Concord St Framingham, MA 01702
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