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15-31 Hollis St
Framingham, MA 01702
Beaumont Building · Retail Property For Sale
Executive Summary
RARE opportunity to own one of the most visible buildings in downtown Framingham located at the intersection of Route 135 and 126. One of the few buildings with off-street parking and adjacent to the city parking lot and steps away from the MBTA. Investment is flowing with new upscale restaurants, luxury apartments complexes, a new supermarket and Rt. 135 development friendly new zoning in the works.
2nd floor residential conversion would be welcomed as Framingham & Governor Healey are embracing new apt. projects. There is parking behind the building of approx. 34 spaces. A parking waiver may be required for redevelopment but proximity to the Train Station should make a waiver possible or Transit Oriented Development may allow a conversion without a waiver depending on the number of units and number of bedrooms. Either 3 or 4 stories may be allowed. Buyers need to do their own due diligence regarding apartment redevelopment.
2nd floor residential conversion would be welcomed as Framingham & Governor Healey are embracing new apt. projects. There is parking behind the building of approx. 34 spaces. A parking waiver may be required for redevelopment but proximity to the Train Station should make a waiver possible or Transit Oriented Development may allow a conversion without a waiver depending on the number of units and number of bedrooms. Either 3 or 4 stories may be allowed. Buyers need to do their own due diligence regarding apartment redevelopment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,404 SF
Building Class
B
Year Built
1980
Price
$2,400,000
Price Per SF
$155.80
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.54 AC
Zoning
CB - Central Business
Parking
30 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
Property Taxes
| Parcel Number | FRAM-000135-000085-005613 | Improvements Assessment | $1,405,000 |
| Land Assessment | $209,600 | Total Assessment | $1,614,600 |
Property Taxes
Parcel Number
FRAM-000135-000085-005613
Land Assessment
$209,600
Improvements Assessment
$1,405,000
Total Assessment
$1,614,600
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