495 Old Connecticut Path, Framingham, MA 01701-4567
This exceptional three-story office building, situated at 495 Old Connecticut Path in Framingham, MA, presents a compelling investment opportunity. The 12,670 square foot brick and steel structure boasts a desirable location with prominent exterior signage potential. The building features an attractive design with a generous window line, ensuring ample natural light throughout. Efficient floor plans and a passenger elevator enhance functionality and tenant convenience. Ample parking is available for tenants and visitors. Currently, the building is 33.77% leased to three separate tenants, each with separately metered utilities. A significant portion of the building, totaling 8,392 square feet, is available for an owner-occupant, providing immediate potential for increased revenue and utilization. The property sits on a 0.68-acre lot. The building's design and layout are well-suited for conversion into office condominiums, offering a flexible and potentially lucrative future development path. This property offers a blend of immediate income potential and long-term growth opportunities in a highly desirable Framingham location. The asking price is $3,800,000. This is a rare opportunity to acquire a well-maintained, multi-tenant office building with significant upside potential.
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Partner Engineering and Science, Inc. Engineer Engineering Consultant
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New Dover Associates, Inc. Real Estate Agency
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Technical Staffing Associates Employment Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M · Framingham, MAFramingham. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.