Retail Space - For Sale
61 Nicholas Road Framingham, MA 01701
Details & Description
Price: $3,200,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.850
  • Building Sq Ft 18,774
  • Building Price per Sq Ft $170.45
  • Land Sq Ft 37,026
  • Land Price per Sq Ft $86.43
  • CAP Rate % 6.30
Desirable North Framingham location ! Next to Mill Falls Condominiums & Pinefield Shopping Center. This 2 story 18,774 s.f. building features retail tenants, a 9,100 s.f. daycare tenant on main level / sep-arate wing and mostly office tenants on second level. 100 % leased. Approx. 80 parking spaces. Well maintained and historically very low vacancy rate. Current ownership is retiring.
Property ID:    299074
Property URL: melqr.com/299074
Generated:    03-23-23
Listing Agents
Marlene Aron

O: 508-740-0000
ma@metrowestcre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
Retail Space / Massachusetts / Framingham / 01701 / 61 Nicholas Road

61 Nicholas Road

Framingham, MA 01701

Listing ID: 299074
$3,200,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.850
  • Building Sq Ft 18,774
  • Building Price per Sq Ft $170.45
  • Land Sq Ft 37,026
  • Land Price per Sq Ft $86.43
  • CAP Rate % 6.30
61 Nicholas Road Framingham, MA 01701 | for Sale | Photo 1
Description

Desirable North Framingham location ! Next to Mill Falls Condominiums & Pinefield Shopping Center. This 2 story 18,774 s.f. building features retail tenants, a 9,100 s.f. daycare tenant on main level / sep-arate wing and mostly office tenants on second level. 100 % leased. Approx. 80 parking spaces. Well maintained and historically very low vacancy rate. Current ownership is retiring.

Attachments & Files
framingham---61-nicholas-12-6-2022-gNq-BWg.pdf

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Framingham Area Market Trends

Listing Demographics for 61 Nicholas Road Framingham, MA 01701

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population9,53756,506139,767
Population Median Age404240
Population by Age0-9 Yrs1304 (13%)6139 (10%)17223 (12%)
10-19 Yrs935 (9%)6565 (11%)17362 (12%)
20-29 Yrs1085 (11%)6723 (11%)15354 (10%)
30-39 Yrs1462 (15%)6919 (12%)18630 (13%)
40-49 Yrs953 (9%)7086 (12%)18998 (13%)
50-59 Yrs1561 (16%)8383 (14%)19741 (14%)
60-69 Yrs1189 (12%)6994 (12%)16557 (11%)
70+ Yrs1048 (10%)7697 (13%)15902 (11%)
Median HH Income$119,214$111,429$107,380
Total Household Income< 24K375 (9%)2553 (11%)6086 (11%)
25-49K382 (10%)2547 (11%)6584 (12%)
50-74K428 (11%)2585 (11%)6754 (12%)
75-99K365 (9%)2319 (10%)5853 (10%)
100-199K1499 (39%)7284 (32%)16164 (30%)
200K+768 (20%)4840 (21%)12242 (22%)
Highest Education LevelNo Diploma14719435916
Diploma or GED962663117066
Some College973496811247
Assoc. Degree41022804965
Bachelors Degree22661300929691
Higher Degree19851174729138
Total Housing Units3,89822,90355,857
--Owner-Occupied2,94515,96135,236
--Renter-Occupied8726,16718,447
Owner-Occupied Values< 100K26155437
100-199K394021080
200-299K1526581884
300-399K78532585361
400-499K98643616930
500K+957712719544
Total Working Age Population7,71346,633112,088
In Work Force5,81732,36779,224
Not In Work Force1,89614,26632,863
Workforce Employed5,62030,89575,162
Workforce Unemployed1971,4713,984
Civlian Workforce5,81732,36579,145
Military Workforce0279
Total Households3,81722,12853,684
Family Households2,71715,40936,774
Non-Family Households1,1006,71916,910
Married Couple2,15712,63330,038
Other Family5602,7766,736
Married w/Child7994,77713,193
Single Male w/Child75354803
Single Female w/Child2071,0102,711

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Massachusetts6,349,097+36,547,629+66,933,887+47,225,472
Norfolk County650,308+3670,850+7718,394+7765,912
Worcester County750,963+6798,552+5838,577+5876,966
Middlesex County1,465,396+31,503,085+71,613,961+51,686,641

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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9 Pond Lane, Concord, MA $265,000 1184 -
120 Highland Avenue, Needham, MA $163,099 10625 -
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188 Needham Street, Newton, MA CALL 19968 -
Closest Commercial Airports
Airport Distance (mi)
General Edward Lawrence Logan International Airport (BOS) 20
Theodore Francis Green State Airport (PVD) 41
Manchester-Boston Regional Airport (MHT) 42
Listing Agent
Marlene Aron - CRE Agent at

Marlene Aron

Metro West Commercial

508-740-0000 (office)

VIEW AGENT PROFILE

metrowestcre.com/

CONTACT ME

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