397 E Central St
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397 E Central St
10,400 SF 4% Leased Office Building Franklin, MA 02038 $1,985,000 ($191/SF)
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!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| 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
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $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
$1,985,000
Price Per SF
$191
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 |
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PROPERTY TAXES
| Parcel Number | FRAN-000285-000000-000005 | Total Assessment | $2,057,200 (2024) |
| Land Assessment | $559,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,498,100 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
FRAN-000285-000000-000005
Land Assessment
$559,100 (2024)
Improvements Assessment
$1,498,100 (2024)
Total Assessment
$2,057,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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397 E Central St
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