472-474 Concord St - Auto Repair FOR SALE


Framingham, MA 01702- Metro West
$1,000,000 USD
508-283-4514
472-474 Concord St, Framingham, MA for Sale
$1,000,000 USD
Auto Repair - FOR SALE
1/10
null | Request Cap Rate

472-474 Concord St
Framingham, MA 01702
Metro West


HIGHLIGHTS

  • Highly visible and accessible at a hard corner, signalized intersection seen by a surplus of 24,200 vehicles per day, with a multi-route bus stop.
  • 472-474 Concord Street has a gateway aura, is a cleaned-up former gas station with pole-mounted signage and convenient front-of-building parking.
  • B-2 Community Business zoning allows a wide range of options; auto user’s opp. to occupy built-out space, or an investor can repurpose + add height.
  • Adjoins CVS pharmacy with a drive-thru, faces a bank and active gas station, a few doors down from a fire station in a heavy residential area.
  • Framingham offers notable employment opportunities for Massachusetts and the Metro-West Boston region and has a midsized public university.
  • Near Route 9, a commuter rail station, next to a bus stop, five minutes to a Logan Airport Express shuttle; Hartford St ends at a major shopping area.

OVERVIEW

Welcome to 472-474 Concord Street, a uniquely positioned prime retail property, featuring a 1,298-square-foot concrete block commercial building historically home to an auto service station. Today, it is brought to the market ready for an auto user or an investor pursuing commercial repurposing. The 0.25-acre parcel is zoned B-2 Community Business, allowing various business operations to take place and further value-add to build at least one additional story by right. There is parking in front of the building, pole-mounted signage, and two points of ingress and egress. The property features a concrete block building with adequate footing depth to withstand frost. 472-474 Concord Street is situated at the lighted three-way intersection of Concord Street, Hartford Street, and Lindbergh Road, positioning the building to be seen by more than 24,200 daily vehicles. It neighbors a CVS pharmacy, retail buildings, a school, and a fire station; all of which are not far from Framingham State University, a public university home to more than 4,000 students. There is a public transit stop at the corner of the property, and a commuter rail station is located down the street. There is a lakeside public beach within a 10-minute walk, and the MetroWest Medical Center is 1 mile down Concord Street. This strategic location provides easy accessibility to a Logan Express terminal, a Massachusetts Turnpike entrance, and Route 9. The 5-mile radius is a stable and affluent realm home to a growing population of 148,447 residents, over 55% of whom have attained a bachelor's degree or higher level of education. The average household income exceeds $144,000, and a robust consumer spending power of over $2.3 billion is generated annually. Inquire today for more information. Please note that 472-474 Concord Street will be sold with a clean environmental report and complete file closure. Tanks and hydraulic lifts have been removed, and the soil and groundwater have been cleaned.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$770 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B-2

APN/PARCEL ID

FRAM-000112-000000-005169

ASK ABOUT THIS PROPERTY

Marcia BergerClean Properties Engineering, Inc.More Info
508-283-4514

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Marcia BergerClean Properties Engineering, Inc.More Info
508-283-4514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.