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397 E Central St
Industrial | 10,400 SF
Listing Contacts
License: MA 9504686
Active
Asking Price: $1,795,000
Address
397 E Central St, Franklin, MA 02038
Show on MapDate Added
Sep 20, 2024
Days on Market
269 days
Time Since Last Update
83 days
Details
Property TypeIndustrial, Retail
SubtypeOffice
Lease Expiration10/30/2026
Remaining Term1.4 years
Square Footage10,400
Units2
Year Built1947
Buildings1
Stories2
ZoningCommercial II
Lot Size (acres)1.14
Parking (spaces)60
Price/Unit$897,500
INTELLIGENCEMarketing Description
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!
Investment Highlights
- First Floor to be delivered –Vacant
- Tenant-2nd Floor – Franklin Dental Associates, LLC
- Monthly Lease - $8,959
- Annual Cost of living Increase of 2%
- Lease Expires 10/31/2026
- Approximately 5,000 sq ft
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Property History
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Due Diligence
Listing Contacts
- License: MA 9504686
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Additional Information
Additional Information
Broker Name
Christine Molla
Broker License
MA 9504686
Brokerage Name
Costello Realty Inc
Broker Title
Christine Molla - Broker
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