665 Cochituate Rd Framingham, MA 01701

Property Details for 665 Cochituate Rd

Year built

1966

Construction

STEEL FRAME

Lot size

0.69 lot acres

Property size

10,364 SF

Zone code

M-1

Property type

Office buildings

APN

FRAM M:084 B:77 L:2163 U:000

APU

FRAMM084B77L2163U000

Description

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.

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Longitude

-71.385

Latitude

42.3076

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments