Prime Investment Opportunity: Free-Standing Plaza for SaleKey Highlights: Single Tenant: Currently rented to a successful pizzeria.Monthly Rent: $3,500, 3% yearly pumps for 10 years. Absolute NNN Lease: Tenant responsible for all property expenses. Ideal Location: Just steps from Framingham downtown, State University, and the train station.High Foot Traffic: Situated in a bustling area with significant pedestrian and vehicular traffic. This is a rare chance to own a highly desirable property in a thriving location with a stable rental income and zero responsibility. The pizza store leases for 10 years and 2 options, 5 years each.The zoning is B2. You can add second-floor apartments.
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Last Updated: June 21st, 2024 at 6:37am
General Information for 510 Union Ave, Framingham, Massachusetts 01702
Property TypeCommercial Sale
Price$700,000
MLS #73249317
List Date2024-06-07
Special Listing Conditions
StateMassachusetts
Street NameUnion Ave
Unit
CityFramingham
Zip Code01702
CountyMiddlesex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total916
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress510 Union Ave, Framingham MA 01702
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 510 Union Ave, Framingham, Massachusetts 01702
* Approx. Living Area Total916 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 510 Union Ave, Framingham, Massachusetts 01702
* Parking Spaces12
* Year Built1940
Year Built Details
Year Built Source
Construction Materials
Approx. Street Frontage66.00
Utilities
Disclosures for 510 Union Ave, Framingham, Massachusetts 01702
Buyer Agent Compensation2
Contingency
Financing
Disclosures
Documents Available
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 510 Union Ave, Framingham, Massachusetts 01702
Association Fee$0
Association Fee Frequency
Associaton Fee Includes
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease TypeNNN
OriginalListPrice$600,000
Lifestyle Information for 510 Union Ave, Framingham, Massachusetts 01702
Association Amenities
Frontage Type
GarageYNNo
Location information for 510 Union Ave, Framingham, Massachusetts 01702
Marketing History for 510 Union Ave, Framingham, Massachusetts 01702
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 510 Union Ave, Framingham, Massachusetts 01702