Property profile

288 Worcester Rd Framingham, MA 01702

OFF-MARKET
Turn key restaurants
Property ID
US38-0363148
2,252 SF 0.36 ac lot Built 1966
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1966
Construction FRAME
Total area 2,252 SF
Lot 0.36 ac (15,507 SF)
Zoning code B
APN FRAM M:103 B:13 L:4656 U:000
UPID US38-0363148

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
  • Grocery & Convenience Store Food Market
  • Courier Service Postal Service
  • Restaurant
  • Grocery & Convenience Store Food Market

Location

288 Worcester Rd Framingham, MA 01702
Framingham metro Census 383501 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2016
2 recorded transactions
2016
$925,000
1995
Price N/A

Zoning & alternative use

B · 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 COMMERCIAL

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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