Property profile

74 Concord St Framingham, MA 01702

FOR SALE
Banks
Property ID
US38-0092481
12,812 SF 0.22 ac lot Built 1933
Entity Owned Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Department Store

Location

74 Concord St Framingham, MA 01702
Framingham metro Census 383300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2025
Last sale
$2.2M
5 recorded transactions
2025
$2.2M
2003
Price N/A
2002
Price N/A
1997
$705,000
1992
$330,000

Zoning & alternative use

CB · Framingham, MA
Zoning description

, 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)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message