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Property profile & analytics
OFF-MARKET Estimated value $6,505,000
Grocery and convenience stores

575 Worcester Rd Framingham, MA 01701-5360

44,044 SF 2.9 ac lot Built 1997
Entity Owned 29-yr Hold ~ Est. High Equity
Property ID
US38-0313473
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1997
Construction STEEL FRAME
Total area 44,044 SF
Lot 2.9 ac (126,498 SF)
Zoning code B
APN FRAM M:101 B:73 L:4822 U:000
UPID US38-0313473
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
Current use
Occupant on record · Public records
  • WFM Coffee Bar Cafe & Coffee Shop
  • Appliance Repair Framingham Home Appliance Store
  • Whole Foods Market Grocery & Convenience Store Food Market
  • Market Cocina Restaurant
  • Amazon Locker - Framingham Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.00M
Blend (final) Blend
$6.51M
Owner & transaction history
575 Worcester Rd LLC · 29 yrs held
575 Worcester Rd LLC
since 1997
5 recorded transactions
2020
Price N/A
2018
Price N/A
2008
Price N/A
1998
Price N/A
1997
$3.5M
Zoning & alternative use
B · Framingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 provision of small-scale retail and service uses for nearby residential areas. Development within this district is intended to be pedestrian…

Zone name Business
General category COMMERCIAL
Zone area 550.51 ac
Top alternative use upside
Apartment house (5+ units) $10.2M +7.3%
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