740 Worcester RdFramingham, MA 01702

Property Details for 740 Worcester Rd

Year built

2012

Construction

STEEL FRAME

Lot size

0.52 AC

Property size (Sq ft)

4,000 SF

Zone code

B

Property type

Retail properties

Property subtype

Auto shops

APN

FRAM M:101 B:53 L:8860 U:000

APU

FRAMM101B53L8860U000

Description

This exceptional business opportunity presents a fully operational auto repair shop ideally situated on Route 9 in Framingham, Massachusetts. The property boasts a highly visible location with significant daily traffic counts, often exceeding 100,000 vehicles. The shop itself is well-equipped and meticulously maintained, featuring five lifts and one hydraulic ramp, ensuring efficient workflow. Ample parking is available for customers and staff. The spacious and organized facilities provide a comfortable and productive work environment. The existing loyal staff offers immediate operational continuity, allowing for a seamless transition for a new owner. This is a truly turnkey operation, ready for an individual mechanic seeking independence or an established brand looking to expand its footprint. The possibilities for growth are substantial, with opportunities to add services such as diesel repair or fleet maintenance. The high traffic volume of Route 9 minimizes the need for extensive advertising, allowing the location to generate business organically. A long-term lease with favorable terms is in place, providing stability and security. For qualified buyers, owner financing may be considered. Detailed financial information will be provided upon execution of a non-disclosure agreement. This is a rare opportunity to acquire a thriving business in a prime location with significant growth potential. The 0.52-acre lot provides ample space for the existing operations and potential future expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $972,140

  6.5%

  $897,360

  7%

  $833,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,317,053

  Geo Method

  $1,317,053

• Alternative Use

  Use

  Valuation

  Residential

  $756,956

  Hospitality

  $693,368

  Educational

  $576,874

  Medical

  $596,714

  Retail

  $897,360

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.2985

Longitude

-71.4273

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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