317 Union StFranklin, MA 02038

Property Details for 317 Union St

Year built

1955

Construction

FRAME

Lot size

0.63 AC

Property size (Sq ft)

10,550 SF

Property type

Retail space

APN

FRAN M:287 L:072

APU

FRANM287L072

Description

This 11,270 square foot, single-story Class C warehouse located at 317 Union Street in Franklin, MA, offers a fantastic opportunity for retail businesses. Built in 1955, the property sits on 0.63 acres of land and features 3,200 square feet of immediately available space within a multi-tenant building. The building boasts a total of 18 parking spaces, providing ample parking for customers and employees. The property's versatile subtype includes warehouse, office, convenience, and grocery uses, making it suitable for a variety of businesses. Its prime location on Union Street in Franklin, MA (zip code 02038) ensures high visibility and accessibility. The property does not include elevators. This is an excellent opportunity to establish or expand your business in a thriving Franklin community. The available space presents a unique chance to capitalize on a high-traffic location with significant potential for growth. Contact us today to learn more about this exceptional retail warehouse opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,564,018

  6.5%

  $2,366,786

  7%

  $2,197,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,473,727

  Geo Method

  $3,473,727

• Alternative Use

  Use

  Valuation

  Residential

  $1,996,473

  Hospitality

  $1,828,758

  Educational

  $1,521,505

  Medical

  $1,573,832

  Retail

  $2,366,786

Location Insight

City

Franklin

County

Norfolk

State

Massachusetts

Latitude

42.0775

Longitude

-71.404

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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