Property summary
This exceptional commercial property at 288 Worcester Road, Framingham, MA 01702, presents a compelling value-add investment opportunity. The 2,500 square foot building, situated on a 0.36-acre lot, offers ample parking and is ideally suited for a restaurant or retail establishment. Currently vacant, the building features a first-floor layout designed for restaurant use, complemented by a basement area. The property's strategic location in Framingham, Middlesex County, ensures high visibility and accessibility for potential businesses. Its proximity to major roadways and a high-traffic area promises strong customer flow. This property is also available as part of a larger package deal that includes an adjacent 4,496 square foot retail building on a 0.25-acre lot, providing an opportunity for significant expansion or portfolio diversification. The property's size and layout offer flexibility for a variety of uses, making it an attractive option for both established businesses and new ventures. This is a rare chance to acquire a well-positioned commercial property in a thriving Massachusetts market. The property's existing infrastructure and ample parking make it ready for immediate occupancy and rapid return on investment. Don't miss this chance to capitalize on this prime commercial real estate opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Food Market
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Courier Service Postal Service
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Restaurant
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Grocery & Convenience Store Food Market
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B · Framingham, MAB-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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B in Framingham, MA.
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