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    OFF-MARKET
    Automotive properties

    1800 Worcester Rd, Framingham, MA 01702-5409

    12,350 SF 1.26 ac lot Built 1968
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US38-0232113
    Property summary
    AI-generated overview

    This exceptional 1.26-acre site at 1800 Worcester Road, Framingham, MA, presents a unique redevelopment opportunity. Ideally situated at the intersection of Route 9 and I-90 (Mass Pike), it boasts unparalleled visibility and accessibility. The property benefits from its location in the Metro West submarket of Greater Boston, a thriving area with strong corporate demand and a large, affluent population. Within a three-mile radius, there are over 34,700 residents, nearly 1,400 businesses, and approximately 23,700 employees, contributing to a robust local economy with an average household income exceeding $186,000. Major employers such as BJ's, Bose, Staples, EMC, TJX, and Sanofi Genzyme are nearby, creating a significant demand for various amenities. The site's proximity to major highways, including I-90, Route 9, I-495, and Route 128/I-95, ensures easy access to downtown Boston (25 miles away) and other key regional destinations. The property is fully entitled for development within the Corporate Mixed-Use (CMU) District, designed to foster a vibrant, pedestrian-friendly community. This prime location also offers convenient access to popular leisure and tourist destinations, including Gillette Stadium, the Apex Center, and historic sites in Concord, Lexington, and Salem, as well as Cape Cod, New Hampshire, and Maine. This presents a compelling investment opportunity for developers seeking to capitalize on the area's strong economic growth and high demand. The site is zoned for Corporate Mixed-Use, allowing for a variety of development options.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1968
    Construction STEEL FRAME
    Total area 12,350 SF
    Lot 1.26 ac (55,103 SF)
    Zoning code B
    APN FRAM M:095 B:93 L:9181 U:000
    UPID US38-0232113
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Faneuil Invest Group LP · 1 yrs held
    Faneuil Invest Group LP
    since 2024
    Last sale
    $70,000
    7 recorded transactions
    2024
    2014
    2011
    $70,000
    2008
    2001
    2001
    1997
    Zoning & alternative use
    B · Framingham, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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