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79-81 Franklin St 4,332 SF 20% Leased Office Building Framingham, MA 01702 $1,603,675 CAD ($370.19 CAD/SF)



Investment Highlights
- Move-in ready – street signage
- Ongoing major public and private sector projects
- CB (Central Business) Zoning for variety of uses
- Steps from public transit – close to major routes
- Center of downtown residential/business area
- Located in redevelopment zone
Executive Summary
Ideally situated in the heart of downtown Framingham’s high-growth residential/business area, 79-81 Franklin Street, Framingham is a 4,902 SF multi-use building on 0.24 acre featuring four residential rental apartments and a beautiful street level office space currently housing a law firm. The multi-family portion includes 3 one-bedroom units and 1 studio unit, each unit separately metered for utilities, with two currently rented and two recently vacated, and all offering upside rental potential. The 2,250 SF first level office space is move-in ready and features four offices, a conference room, en suite bathrooms, and street-facing exterior signage, and is available for owner occupancy or tenant income. The office level also offers the potential for conversion to additional residential units. The property also features approximately 700 SF of lower level basement storage / overflow work space and 9 on-site parking spaces. Accessibility is outstanding for both apartment renters and business users with the property only a short walk to the public transit train station, close to Route 135 with easy access to Ashland, Natick, Wellesley and Boston, and minutes from Route 9. It is one block from City Hall, two blocks from the Metro West Medical Center, and walking distance to over one hundred service businesses including restaurants, cafes, and retail stores.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,332 SF
Building Class
C
Year Built
1900
Price
$1,603,675 CAD
Price Per SF
$370.19 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,444 SF
Slab To Slab
9’
Building FAR
0.42
Lot Size
0.24 AC
Zoning
CB, Framingham - Central Business) zoned for multi-family, office, medical, mixed use, retail services and other uses
Parking
12 Spaces (2.77 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | FRAM-000128-000086-002943 | Improvements Assessment | $864,172 CAD |
| Land Assessment | $219,076 CAD | Total Assessment | $1,083,248 CAD |
Property Taxes
Parcel Number
FRAM-000128-000086-002943
Land Assessment
$219,076 CAD
Improvements Assessment
$864,172 CAD
Total Assessment
$1,083,248 CAD
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79-81 Franklin St
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