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    665 Cochituate Rd Framingham, MA 01701

    Sponsored
    For Sale
    $4,666,000

    10,240 SF Office/Retail, Strong Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 665 Cochituate Road in Framingham, Massachusetts, presents a compelling investment opportunity. The 10,240 square foot, two-story building boasts a prime location near major employers like TJ Maxx corporate offices, and prominent shopping destinations such as the Natick Mall and Shoppers World, with convenient access to the Massachusetts Turnpike (exit 117). The property benefits from strong demographics, with 149,000 residents within a five-mile radius exhibiting an average household income of $209,000. Currently, the first floor is occupied by Temescal Wellness, a well-established cannabis dispensary, under lease since 2017. The second floor will be occupied by Hospitality Suites HQ, a joint venture including IWG, a global leader in shared office spaces, commencing January 1st, 2025. This provides a stable income stream for investors. Importantly, the second floor can be delivered vacant prior to December 1st, 2024, presenting a unique opportunity for user-buyers seeking to occupy the space. The building is classified as Class B and is offered at an asking price of $4,666,000. This stabilized investment property offers a blend of secure tenancy and potential for future growth, making it an attractive proposition for discerning investors. The property is a mixed-use building, categorized as Traditional Office, and represents a stabilized investment.

    Property Features for 665 Cochituate Rd

    General Information

    Property type
    Retail properties
    Class
    B

    HighLights

    • 10,240 SF two‑story building.
    • Prime Natick location near TJ Maxx, Natick Mall, Shoppers World, and Mass Turnpike Exit 117.
    • Ground floor leased to Temescal Wellness (since 2017); second floor leased to Hospitality Suites HQ (IWG JV) starting 1/1/2025.
    • Strong demographics: 149,000 residents within 5 miles, $209,000 average household income.
    • Second floor potentially available for owner‑occupancy.
    • Excellent investment opportunity with stable cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Temescal Wellness Cannabis Store Heather Keppeler, Real ... Real Estate Agency Camiel David Attorney Sue Beaudet Realtor Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3849603
    Latitude
    42.3075656

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    FAQs

    What type of property is this?
    Retail property - 10,240 SF Office/Retail, Strong Income
    Where is this retail property located?
    The property is located at 665 Cochituate Rd Framingham, MA.
    What is the asking price?
    The asking price for this property is $4,666,000.
    What are key features of this property?
    This property features: 10,240 SF two-story building.; Prime Natick location near TJ Maxx, Natick Mall, Shoppers World, and Mass Turnpike Exit 117.; Ground floor leased to Temescal Wellness (since 2017); second floor leased to Hospitality Suites HQ (IWG JV) starting 1/1/2025.
    Request Owner's contact information
    665 Cochituate Rd Framingham, MA 01701
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    Framingham, MA 01701
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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
    665 Cochituate Rd Framingham, MA 01701
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