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    74 Concord St, Framingham, MA 01702

    12,812 SF 0.22 ac lot Built 1933
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US38-0092481
    Property summary
    AI-generated overview

    This exceptional commercial real estate opportunity presents two beautifully preserved historic buildings totaling over 22,000 square feet, ideally situated in the heart of downtown Framingham, Massachusetts. The property, located at 74 Concord Street and 15 Park Street, offers a unique blend of traditional and modern office space, perfect for a variety of businesses. The buildings boast a combined two stories, providing ample space for expansion and customization. The property is currently configured as single-tenant space, offering flexibility for a single large occupant or potential subdivision for multiple tenants. 74 Concord Street comprises over 12,000 square feet, while the adjacent 15 Park Street building offers over 10,000 square feet. This prime location provides unparalleled convenience, with easy access to City Hall and the MBTA, ensuring excellent accessibility for employees and clients. The buildings' rich history, previously housing the Framingham Savings Bank, adds a unique character and charm. This is a rare chance to acquire a significant presence in a revitalizing downtown area, offering a compelling investment opportunity for businesses seeking a prestigious and well-located office space in Framingham, MA, zip code 01702. The property is classified as Retail, Office, and Special Purpose, with subtypes including Traditional Office, Executive Office, and Creative Office. This versatile space is ready for immediate occupancy and offers significant potential for future growth.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1933
    Construction CONCRETE
    Total area 12,812 SF
    Lot 0.22 ac (9,540 SF)
    Zoning code CB
    APN FRAM M:128 B:86 L:5389 U:000
    UPID US38-0092481
    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
    • Enigma Store Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.77M
    Owner & transaction history
    Y & L LLC
    Y & L LLC
    since 2025
    Last sale
    $2.2M
    5 recorded transactions
    2025
    $2.2M
    2003
    2002
    1997
    $705,000
    1992
    $330,000
    Zoning & alternative use
    CB · Framingham, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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