79-81 Franklin St - Office/Residential FOR SALE


Framingham, MA 01702- Downtown Framingham
$1,150,000 USD
508-245-9732
79-81 Franklin St, Framingham, MA for Sale
$1,150,000 USD
Office/Residential - FOR SALE
1/9
null | Request Cap Rate

79-81 Franklin St
Framingham, MA 01702
Downtown Framingham


HIGHLIGHTS

  • Move-in ready – street signage
  • Steps from public transit – close to major routes
  • Ongoing major public and private sector projects
  • Center of downtown residential/business area
  • CB (Central Business) Zoning for variety of uses
  • Located in redevelopment zone

OVERVIEW

MULTI FAMILY/ OFFICE BUILDING FOR SALE Four residential apartments in High-demand rental area: 2 one-bedroom units,1 two bedroom and 1 studio. Significant rental income upside potential. In addition, 2,000 SF of first level office space. Available for owner occupancy or tenant income, Move-in ready – street signage. Potential conversion to additional residential units. APARTMENT UNITS Four-unit property: 2BR/1BA, 1BR/1BA, 1BR/1BA, 1 studio/BA. Two units occupied – two recently vacated. Units separately metered for utilities. Upside potential to increase rents by 50%+. OFFICE SPACE Approximately 2,000 SF currently utilized for law office featuring separate street entrance, foyer/reception area, conference room, four offices, and two bathrooms including one with shower. Central A/C. Beautifully maintained; many built-ins. BASEMENT SPACE: Approximately 800 additional SF of open basement space usable for storage and lower level offices/work

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,280 SF

ZONING

CB, Framingham

APN/PARCEL ID

FRAM-000128-000086-002943

ASK ABOUT THIS PROPERTY

Peter GordonGordon Real EstateMore Info
508-245-9732

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

Peter GordonGordon Real EstateMore Info
508-245-9732

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