495 Old Connecticut Path Framingham, MA 01701

Property Details for 495 Old Connecticut Path

Year built

1981

Construction

STEEL FRAME

Lot size

0.68 lot acres

Property size

12,618 SF

Zone code

M

Property type

Office buildings

APN

FRAM M:072 B:58 L:2712 U:000

APU

FRAMM072B58L2712U000

Description

This exceptional three-story office building, situated at 495 Old Connecticut Path in Framingham, MA, presents a compelling investment opportunity. The 12,670 square foot brick and steel structure boasts a desirable location with prominent exterior signage potential. The building features an attractive design with a generous window line, ensuring ample natural light throughout. Efficient floor plans and a passenger elevator enhance functionality and tenant convenience. Ample parking is available for tenants and visitors. Currently, the building is 33.77% leased to three separate tenants, each with separately metered utilities. A significant portion of the building, totaling 8,392 square feet, is available for an owner-occupant, providing immediate potential for increased revenue and utilization. The property sits on a 0.68-acre lot. The building's design and layout are well-suited for conversion into office condominiums, offering a flexible and potentially lucrative future development path. This property offers a blend of immediate income potential and long-term growth opportunities in a highly desirable Framingham location. The asking price is $3,800,000. This is a rare opportunity to acquire a well-maintained, multi-tenant office building with significant upside potential.

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Longitude

-71.3926

Latitude

42.312

CBSA code

14460

CBSA name

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

Property Tax & Assessments