Property summary
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
VerifiedCap rate & NOI
Current use
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Department Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
, Central Business (CB) District, by a four-fifths vote where such waivers will allow for better design and/or improved protection of historic resources. § 435-15 Corporate Mixed-Use District. A. Purpose and intent. (1)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CB · Framingham, MA, Central Business (CB) District, by a four-fifths vote where such waivers will allow for better design and/or improved protection of historic resources. § 435-15 Corporate Mixed-Use District. A. Purpose and intent. (1)…
Zoning
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Zoning designation
Official district profile
, Central Business (CB) District, by a four-fifths vote where such waivers will allow for better design and/or improved protection of historic resources. § 435-15 Corporate Mixed-Use District. A. Purpose and intent. (1)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CB in Framingham, MA.
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