For Sale
$2,150,000

397 Central St Franklin, MA 02038

10,400 SF Office Building, 60 Parking Spaces

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
Prime Franklin, MA location! This 10,400 square foot, two-story building offers a unique investment opportunity. Currently zoned Commercial II, the property boasts two units, each approximately 5,000 square feet and separately metered. The first floor is vacant and ready for immediate occupancy, while the second floor is currently leased to a dental practice until October 31, 2026, generating a monthly income of $8,959 with a 2% annual cost of living increase. The building, constructed in 1947, sits on a 1.14-acre lot providing ample parking for 60 vehicles. The property features numerous private offices, a kitchen, and a conference room, making it ideal for a variety of professional uses, including accounting firms, law offices, or therapy practices. The flexible floor plan allows for customization. Town water, sewer, and natural gas are available. This property presents an excellent opportunity for owner-occupancy or redevelopment, given its desirable location and substantial lot size. The asking price is $2,150,000.

Highlights

  • First-floor space available, vacant and ready for occupancy.
  • Second floor occupied by Franklin Dental Associates, LLC.
  • Monthly rent: $8,959.
  • Annual rent increase: 2%.
  • Lease expiration: October 31, 2026.
  • Building size: Approximately 5,000 square feet.

Property Details for 397 Central St

Property type
Retail properties, Office properties
Square Feet
10,400 SF
Year Built
1947
Buildings
1
Stories
2
Lot Size (sq. ft)
49,658 SF
Units
2

Location Insight

City
Franklin
County
Norfolk
State
Massachusetts
Latitude
42.0803028
Longitude
-71.3793984

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FAQs

What type of property is this?
Retail property - 10,400 SF Office Building, 60 Parking Spaces
Where is the retail property located?
The property is located at 397 Central St Franklin, MA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: First-floor space available, vacant and ready for occupancy.; Second floor occupied by Franklin Dental Associates, LLC.; Monthly rent: $8,959.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Christine Molla

Learn more

Useful Information

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Central St
Franklin, MA 02038

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Central St
Franklin, MA 02038

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

397 Central St
  • Christine Molla
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