$2,800,000
$3,200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
61 Nicholas Framingham, MA 01701
18,774 SqFt
Key Details
Sold Price $2,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 18,774 sqft
Price per Sqft $149
MLS Listing ID 73062454
Sold Date 05/05/23
Year Built 1957
Annual Tax Amount $35,195
Tax Year 2021
Lot Size 0.850 Acres
Acres 0.85
Property Description
Outstanding investment/development/value-add sale opportunity. 100% leased. Approximate NOI: $203,166. CAP RATE: 6.4%. 2-story, 18,774 SF multi-use building located in desirable North Framingham adjacent to major shopping plaza and condominium complex. Retail tenants and one of region's largest, most successful daycare centers on main level with professional office tenants on second level. Well-maintained with recent renovations. 80 on-site parking spaces. Easy access to Route 9 and Mass Pike and close to affluent communities of Sudbury and Wayland.
Location
State MA
County Middlesex
Zoning B-2
Direction Pinefield Shopping Plaza next to Robinsons Hardware in North Framingham.
Exterior
Total Parking Spaces 80
Others
Senior Community false
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Bought with Sam Takla • Coldwell Banker Realty - Framingham