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Property profile & analytics
FOR SALE
Office buildings

55 W Central St Franklin, MA 02038

5,920 SF 0.45 ac lot Built 1970
Entity Owned ~ Est. High Equity
Property ID
US38-0459953
Property summary
AI-generated overview

This exceptional 6,900 square foot executive office building presents a compelling owner-user or investment opportunity. Located at 55 West Central Street in Franklin, Massachusetts, this Class B property offers a versatile space ideally suited for a variety of businesses. Constructed in 1970, the two-story building sits on a 0.45-acre lot and provides ample parking with 25 spaces. The property is zoned for commercial use and enjoys a highly desirable downtown Franklin location, adjacent to Dean College and just 1.7 miles from Interstate 495, providing easy access to major transportation routes. The convenient location offers proximity to a wealth of amenities, including restaurants and shopping within Franklin, as well as additional options in nearby Wrentham and Foxborough. This property represents a rare chance to acquire a well-situated office building in a thriving Massachusetts community. The building's size and parking make it suitable for a range of business needs. The commercial zoning allows for flexibility in future uses. This is an excellent opportunity for businesses seeking a prominent location with convenient access to major roadways and a variety of supporting services. The ample parking ensures convenient access for employees and clients. The property's location in downtown Franklin provides high visibility and easy access to local amenities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction FRAME
Total area 5,920 SF
Lot 0.45 ac (19,402 SF)
APN FRAN M:279 L:018
UPID US38-0459953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dora Brett, Realtor Real Estate Agency
  • Dawn Oliveira Real Estate Agency
  • Michael Colombo - Real Living Realty Group Real Estate Agency
  • Matt Kelly Homes Real Estate Agency
  • Matt Kelly Realtors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
$2.13M
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.72M
Owner & transaction history
Ksp Realty LLC
Ksp Realty LLC
since 2026
Last sale
$1.4M
7 recorded transactions
2026
$1.1M
2021
$1.4M
2019
Price N/A
2016
Price N/A
2014
$1.2M
2004
$925,000
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.5M +46.3%
Auto repair, garage $1.9M +9.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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