575 Worcester Rd Framingham, MA 01701-5360
This exceptional retail opportunity presents 6,272 square feet of vacant space within a thriving strip center located at 575 Worcester Road, Framingham, Massachusetts, 01701. Situated in Middlesex County, this property offers multiple spaces available, with a minimum divisible space of 2,892 square feet and a maximum contiguous space of 3,380 square feet. The entire 6,272 square foot building is currently vacant, presenting a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease individual units. The property's prime location on Worcester Road ensures high visibility and accessibility, benefiting from significant foot traffic and vehicular access. This makes it an ideal location for a variety of retail businesses seeking a strong presence in a bustling Framingham community. The property is classified as a retail strip center, offering ample parking and convenient access for customers. This is a rare opportunity to secure a substantial retail space in a desirable location with high potential for growth and success. The property's address is 571-575 Worcester Road. Serious inquiries are encouraged to explore this exceptional retail investment.
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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 provision of small-scale retail and service uses for nearby residential areas. Development within this district is intended to be pedestrian…
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 Sale
Similar Nearby for Lease
Property 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 provision of small-scale retail and service uses for nearby residential areas. Development within this district is intended to be pedestrian-oriented and compatible with the scale of surrounding residential areas. This district reinforces historic preservation through the development of traditional neighborhood village centers, with small lots, small setbacks, parking to the side or rear, and a mixed use of structures containing a variety of businesses. The B-1 District was established to protect adjacent residential neighborhoods from the impacts and encroachment of large-scale development. (2) Community Business: B-2. The purpose of the Community Business District is to foster small commercial sites and compact commercial centers which provide a variety of services to nearby residential neighborhoods and the community. The emphasis of this district is on uses which will provide services for the nearby residential areas. The B-2 District shall be primarily accessible and inviting to motorists, pedestrians, and bicyclists of all ages and abilities. The district allows for a full range of retail, service, and business uses with a local market area. The desired character includes areas which are predominantly built-up, with buildings close to and oriented towards the sidewalk, especially at corners. Development is intended to be pedestrian-oriented, and buildings with an improved visual quality storefront are encouraged. (3) General Business: B-3. The purpose of the General Business District is to foster business and commercial areas that allow for the expansion of consolidated shopping centers and mixed uses at the local and regional scale. Development within the B-3 and B-4 District encourages the consolidation of small parcels, to establish a high-density building coverage, which aims to prevent the scattering of small-lot developments. Furthermore, development is intended to be pedestrian-oriented with a strong emphasis on a safe and attractive streetscape. Buildings should be located along the street frontage, with parking in the rear or to the side, while promoting shared-access driveways, circulation, and parking facilities where possible to increase the density of the building or landscaped area and reduce traffic hazards. (4) Nobscot Village District: B-4.
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.