Retail Redevelopment Site with
745 Worcester Rd Framingham, MA 01701
745 Worcester Rd, Framingham, MA, 01701
Contact for pricing
For Sale
Contact for pricing
Two-building retail redevelopment site with overhead door, 2-bay garage, and about 82 feet of frontage on Route 9.
Property Size4,720 SF
Lot Size0.46 Acres
Price / SF$254.24
Days on Market183
Property Features for 745 Worcester Rd
General Information
- Standard status
- Active
- Size
- 4,720 SF
- Lot size
- 0.46 Acres
- Property subtype
- RETAIL
Listing agency
Kelleher & Sadowsky
(508) 981-7014
Listed by
Todd S. Alexander
(508) 981-7014
Source
Moodyscre
Added: Jan 20 Updated: Jul 22 at 11:19AM Checked: Jul 22 at 11:19AM
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 Kelleher & Sadowsky
Investment Insights
Based on property information with market context.
745 Worcester Road presents a retail redevelopment opportunity on two lots totaling ±0.46 acres. The site includes two existing buildings totaling 4,720 SF and features a large overhead door plus a 2-bay garage, supporting a variety of retail and service-oriented layouts.
The property has approximately 82 feet of frontage on Route 9 and one curb cut, providing direct access for customer traffic and prominent signage opportunities. Zoned Business B, the property allows a full range of retail and service businesses, with development standards intended to maintain an open street appearance and compatibility with adjacent residential areas.
The area is supported by nearby retail and entertainment, including Shoppers World and the Framingham Community Theater, along with local recreation at Framingham Country Club and Cushing Memorial Park.
The property has approximately 82 feet of frontage on Route 9 and one curb cut, providing direct access for customer traffic and prominent signage opportunities. Zoned Business B, the property allows a full range of retail and service businesses, with development standards intended to maintain an open street appearance and compatibility with adjacent residential areas.
The area is supported by nearby retail and entertainment, including Shoppers World and the Framingham Community Theater, along with local recreation at Framingham Country Club and Cushing Memorial Park.
Key Highlights
- Two‑building retail redevelopment site on Route 9 with about 82 ft of frontage and 1 curb cut
- Two lots totaling about 0.46 acres with approximately 4,720 SF across two existing buildings
- One building includes a large overhead door and a 2‑bay garage
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 | $103.7k | $21.96 |
| − Vacancy | −$6.7k | −$1.43 |
| EGI | $96.9k | $20.53 |
| − OpEx | −$29.1k | −$6.16 |
| NOI | $67.8k | $14.37 |
4,720 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$969.1K
$848.0K – $1.13M
NOI $67,840 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,596 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rack Attack Boston
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-building retail redevelopment site with overhead door, 2-bay garage, and about 82 feet of frontage on Route 9.
Where is this retail space located?
The property is located at 745 Worcester Rd Framingham, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑building retail redevelopment site on Route 9 with about 82 ft of frontage and 1 curb cut; Two lots totaling about 0.46 acres with approximately 4,720 SF across two existing buildings; One building includes a large overhead door and a 2‑bay garage
