40-64 Hollis St, Framingham, MA 01702
40-64 Hollis St, Framingham, MA 01702
40-64 Hollis St, Framingham, MA 01702
40-64 Hollis St, Framingham, MA 01702
40-64 Hollis St, Framingham, MA 01702
40-64 Hollis St, Framingham, MA 01702
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Caitlin Unger

Caitlin Unger

+1(617) 522-2421
$ 5,999,000
Est. payment | /mo

0.68 Acres Lot

Save
$ 5,999,000
Est. payment | /mo
Save

0.68 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73575999

HOA Y/N false

Year Built 1900

Annual Tax Amount $75,628

Tax Year 2026

Lot Size 0.680 Acres

Acres 0.68

Property Description

Positioned in the heart of downtown Framingham, this transit-oriented mixed-use property offers investors a compelling opportunity to acquire a stabilized retail and residential asset at an attractive 9%+ capitalization rate. Ownership has positioned the offering to deliver strong in-place yield and attract near-term execution. The property is approximately a 5-minute walk to the MBTA Framingham/Worcester Line, providing direct access to Boston and Worcester. The location benefits from strong visibility along a corridor with approximately 9,000 vehicles per day and consistent pedestrian activity supporting the retail component. Nearby demand drivers include MetroWest Medical Center and Framingham State University. The property features separately sub-metered electric service, with tenants paying electricity directly, while ownership covers heat, water, and sewer. Improvements include fully de-leaded residential units, updated windows, wet sprinkler systems, upgraded fire alarm monitoring panels, and completed infrastructure upgrades across major building systems.With a 9%+ in-place cap rate, established income, and ownership focused on a timely transaction, the offering provides immediate cash flow and an attractive going-in yield in the MetroWest market. Full offering memorandum available upon request.

Location

State MA

County Middlesex

Zoning NNN

Direction 40-64 Hollis Street, Framingham MA 01702

Exterior

Utilities Available Public Water

Others

Senior Community false

Listed by Greenville Real Estate Group, Inc.

LOCATION

40-64 Hollis St

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Caitlin Unger
Caitlin Unger

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+1(617) 522-2421

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