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Building 1 326 Union St

5,492 SF 85% Leased Retail Building Franklin, MA 02038 $1,800,000 ($328/SF) 5.40% Cap Rate

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Investment Highlights

Multiple Building Property
High Visibility Retail/Office Plaza

4 Buildings on .84 Acres

Executive Summary

Prime investment or redevelopment opportunity in business district. Multiple buildings included in this sale. Main building is the convenience store with office spaces above. 2nd building is a contractors garage. 3rd building is a retail strip mall and 4th building is a hair salon. Possible opportunity for converting office spaces to residential in the main building and or redeveloping the entire site. Buyers responsible for researching all zoning requirements and due diligence.

GIS Map - 326 Union St Franklin2

Bldg1-FoundatinSize- 326 Union St Franklin

Offering Memorandum

Property Facts

Sale Type

Investment

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

5,492 SF

Building Class

Year Built

1993

Price

$1,800,000

Price Per SF

$328

Cap Rate

5.40%

NOI

$97,200

Percent Leased

85%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.15

Land Acres

0.84 AC

Zoning

Commercial 1 - Mixed Use

Parking

4 Spaces (0.73 Spaces per 1,000 SF Leased)

Frontage

189 FT on Union St

Space Availability

Strip-4
800 SF
Retail
End Cap
Now

1/9

326 Union St, Franklin, MA for sale Building Photo- Image 1 of 9 — Building Photo

326 Union St, Franklin, MA for sale Interior Photo- Image 2 of 9 — Interior Photo

326 Union St, Franklin, MA for sale Interior Photo- Image 3 of 9 — Interior Photo

326 Union St, Franklin, MA for sale Interior Photo- Image 4 of 9 — Interior Photo

326 Union St, Franklin, MA for sale Interior Photo- Image 5 of 9 — Interior Photo

326 Union St, Franklin, MA for sale Building Photo- Image 6 of 9 — Building Photo

326 Union St, Franklin, MA for sale Building Photo- Image 7 of 9 — Building Photo

326 Union St, Franklin, MA for sale Building Photo- Image 8 of 9 — Building Photo

326 Union St, Franklin, MA for sale Building Photo- Image 9 of 9 — Building Photo

Corner retail/office unit available with 800SF on ground level. Great for an office, retail or professional service use. Open floor plan setup at this time. Adjacent to restaurants, hair salon and convenience store. Shared parking lot, in multi-tenant strip building. New restroom, 100AMP Electric service, Gas Heat. Rent does not include electricity or gas heat. Great location in downtown district. Easy access to 495 and MBTA Station to Boston. Call for daily showings with notice.