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.
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Last Checked: September 18th, 2026 at 10:43am (Source: MLS PIN #73575999)
General Information for 40-64 Hollis St, Framingham MA 01702
Listing ID73575999
Property TypeCommercial Sale
Price$5,999,000
Style
CityFramingham
CountyMiddlesex
Neighborhood(s)
ZoningNNN
Year Built1900
Disclosures for 40-64 Hollis St, Framingham MA 01702
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsSee Broker
Compensation Based On
Contact Information for 40-64 Hollis St, Framingham MA 01702