40-64 Hollis St,Framingham, MA 01702
Framingham, MA 01702
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.
Details
| MLS # | 73575999 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 17 |
| Listing Provided By | Greenville Real Estate Group, Inc. | Boris Kuritnik |
Features
| Zoning | NNN |
|---|---|
| Acreage | 0.68 |
Utilities
| Utilities | Public Water |
|---|
Taxes
| Tax Annual Amount | 75628 |
|---|---|
| Tax Year | 2026 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Middlesex |
| City | Framingham |
| Zip Code | 01702 |
| Area | Middlesex |
| Listing VS Median (in 01702) | |
Price: $5,999,000 low | high Med: $307,485 On site: 17 low | high Med: 15.5 | |
Market Activity 01702
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Learn More About This Property
| State | MA |
|---|---|
| County | Middlesex |
| City | Framingham |
| Zip Code | 01702 |
| Area | Middlesex |
| Listing VS Median (in 01702) | |
Price: $5,999,000 low | high Med: $307,485 On site: 17 low | high Med: 15.5 | |
