Property profile

1617 Concord St Framingham, MA 01701

OFF-MARKET
Turn key restaurants
Property ID
US38-1253335
1,200 SF 0.09 ac lot Built 1942
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity presents the chance to acquire a well-established and highly profitable Brazilian family bakery located in a prime business intersection of North Framingham, a rapidly growing area within Boston's MetroWest region. Operating successfully since January 2022, this bakery boasts a substantial and loyal customer base, built upon consistent high-quality products and excellent service. Currently employing eight staff members (five front-of-house and three in the back), the bakery operates with extended hours, from 5:30 AM to 9:00 PM, offering significant potential for further expansion. The sale includes all equipment, which is entirely paid off, eliminating any outstanding debt. A significant portion of revenue is generated through a thriving delivery service, further highlighting the business's strong operational foundation and growth potential. The current lease is long-term and features a low monthly rent, ensuring financial stability and minimizing overhead costs. This turnkey operation offers immediate income generation and substantial room for expansion, making it an unparalleled investment opportunity in the thriving Framingham market. A confidentiality agreement is required before any further information is disclosed. Serious inquiries only.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1942
Construction FRAME
Total area 1,200 SF
Lot 0.09 ac (4,008 SF)
Zoning code B-1
APN FRAM M:050 B:33 L:4331 U:000
UPID US38-1253335

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop

Location

1617 Concord St Framingham, MA 01701-3532
Framingham metro Census 383700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2006
$1
1996
$125,000

Zoning & alternative use

B-1 · Framingham, MA
Zoning description

B-1), Community Business (B-2), General Business (B-3 and B-4), Central Business (CB), and Business (B). (1) Neighborhood Business: B-1. The purpose of the Neighborhood Business District is to preserve and encourage the…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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