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Office Space Overlooking Route 495
For Lease
$19 SF/Yr

500 Franklin Village Drive 204, Franklin, MA 02038

First-class office space with convenient highway access and ample parking.

Space SizeContact for details
Lot Size27.92 Acres
Days on Market660

Property Features for 500 Franklin Village Drive 204

General Information

Standard status Active
Lot size 27.92 Acres
Property subtype Rental

Taxes and HOA fees

Annual Taxes $609,768

Building Details

Year Built 1987
Listing Agency: REMAX Executive Realty
Listed By: Casey Killam · License #9515907-RE-S
Source: Exitrealty
Added: Oct 22, 2024 Changed: Aug 9 Last Checked: Aug 9 at 8:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Executive Realty

Investment Insights

Based on property information with market context.

This first-class office space overlooks Route 495 and is conveniently located just off Route 495 at exit #17. The property offers generous on-site parking. It is part of a large, busy shopping center. The lease rate is negotiable, with tenant responsible for electricity. Shared public restrooms are available.

Key Highlights

  • Convenient location directly off Route 495 at exit #17
  • Negotiable lease rate
  • Generous on‑site parking

Property Analytics

Current Use

Michelle Gaffney Foster Care Service Edison Electricians of Franklin Electrical Service Adams Michael R ... Physician Andrade Michael T ... Physician Millennium Logistics Management Logistics Company

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Auto Parts Store Barber Shop (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

528
Businesses Nearby

Demographics for 02038, MA

33,261
Population
12,889
Households
2.6
Avg Household Size
41
Median Age
56%
College-Educated
97%
High-School Grad
26.6 sq mi
ZIP Area
1,250
Density / Sq Mi
$142,788
Median Household Income
$67,728
Median Earnings
$1,856
Median Rent
$567,100
Median Home Value

Market

Lease Benchmarks for Franklin, MA

$22.58 /SF/Yr
Avg Asking Price
$10–$40 /SF/Yr
Price Range
7,254 SF
Avg Space Size

This space is priced 16% below the average of $22.58 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - First-class office space with convenient highway access and ample parking.
Where is this office units located?
The property is located at 500 Franklin Village Drive 204 Franklin, MA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Convenient location directly off Route 495 at exit #17; Negotiable lease rate; Generous on‑site parking
More about this property
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