389 & 393 Worcester Rd, Framingham, MA, 01701

389 & 393 Worcester Rd Framingham, MA 01701

389 & 393 Worcester Rd, Framingham, MA, 01701
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FOR SALE
Property Type:
Free Standing Building
Amount:
$2,500,000
Last Verified:
Oct 29, 2024

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Highlights

  • Zoned "B" offering a wide variety of commercial development opportunities
  • By Right Uses Include Retail, Medical Office, School and Mixed-Use by Special Permit
  • High visibility in the vibrant Framingham area
  • ADT of over 46,000/cars per day

Description

Introducing a prime development opportunity at 389 & 393 Worcester Rd in Framingham, Massachusetts. The two parcels total approximately .84 acres ideal for retail or commercial use. Zoned B, these properties present a unique opportunity for investors and developers seeking a high-traffic, strategically located asset in the heart of Framingham. With its excellent visibility, they are poised for redevelopment. Don't miss your chance to add these highly sought-after properties to your portfolio.

Development Opportunity on Route 9 (Westbound Side) in the bustling town of Framingham, MA. The area surrounding the property is home to the "Who's Who" of national retailers. The property is convenient to all major routes, and offers easy access to Boston, Worcester, and the rest of New England. Surrounding the property, professionals will find an array of dining options, from cozy cafes to fine dining establishments, perfect for business lunches and client meetings. Additionally, nearby shopping centers provide everything from daily necessities to specialty items.


Year Built: 1987
Building Size: 10234sq ft
Lot Size: 0.84 acres


Documents

Brochure (L)

Map of 389 & 393 Worcester Rd, Framingham, MA, 01701

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.