• Broker Christine Molla 5087687880

397 E Central St

10,400 SF 4% Leased Office Building Franklin, MA 02038 $2,863,640 CAD ($275.35 CAD/SF)

View Photo

INVESTMENT HIGHLIGHTS

  • High Traffic
  • Re Development Possibilities - Large Level Lot
  • Great Visibility

EXECUTIVE SUMMARY

Desirable 10,400 sq ft Office Building located on a flat lot zoned Commercial II available for sale. Approximately 5,000 sq ft per floor. Each floor is metered separately.Town Water, Sewer and natural gas. First floor is vacant. Great space for Accounting Firm, Law Office, Therapist, Financial Planner - Many private offices, kitchen , conference room, Flex spaces (floor plan attached ) The Second floor is currently occupied - lease expires 10/31/2026 (Dental practice) Large level lot with approximately 60 Parking spaces. Great Owner Occupied property or Re Development Opportunities!

ATTACHMENTS

397 East Central Floor Plan Level 1
397 East Central -Sept 2024

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,400 SF
Building Class
B
Year Built
1974
Price
$2,863,640 CAD
Price Per SF
$275.35 CAD
Percent Leased
4%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,200 SF
Building FAR
0.21
Lot Size
1.14 AC
Zoning
CII - Desirable 10,400 sq ft Office Building located on a flat lot zoned Commercial II available for sale. Approximately 5,000 sq ft per floor. Each floor
Parking
26 Spaces (2.5 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 1
  • 5,000 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 1 5,000 SF Office - Now

1st Fl-Ste 1

Size
5,000 SF
Space Use
Office
Condition
-
Available
Now

PROPERTY TAXES

Parcel Number FRAN-000285-000000-000005 Total Assessment $2,917,706 CAD (2024)
Land Assessment $792,966 CAD (2024) Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $2,124,740 CAD (2024) Tax Year 2023

Map of 397 E Central St Franklin, MA 02038

ADDITIONAL PHOTOS

View Photo 3_1.3.1
View Photo IMG_9203
View Photo IMG_9204
View Photo thumbnail_IMG_9206
View Photo 2_1.2.1
View Photo 397 East Central FLOOR PLAN - 1st Floor

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