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Office Units in Shopping Center
For Lease
$19 SF/Yr

500 Franklin Village Drive, Franklin, MA 02038

Commercial Lease, Franklin, MA

Space SizeContact for details
Lot Size27.92 Acres
Days on Market480

Property Features for 500 Franklin Village Drive

General Information

Property type Commercial Lease
Property subtype Other
Zoning Commercial
Zoning description Legal Conforming
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Directions Rte. 495 to exit #17 (Rte. 140), Franklin Village Mall
Standard status Active
APN M:270 L:014
Lot size 27.92 Acres

Taxes and HOA fees

Tax Year 2010
Tax Annual Amount 609768

Amenities

shared public restrooms

Building Details

Year built 1987
Listing Agency: REMAX Executive Realty · RE/MAX International
Listed By: Bill Wright · License #9515907-RE-S
Added: Apr 28, 2025 Changed: Aug 19 Last Checked: Aug 20 at 2:06PM
MLS# 73365510

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Office units at 500 Franklin Village Drive, Franklin, MA 02038, built in 1987 and located within a large, busy shopping center. The space is described as first class office space that overlooks Route 495 and is conveniently located just off Route 495 at exit #17.

The property offers generous on-site parking. Shared public restrooms are available for the office users. Lease terms are described as negotiable, with tenant electricity responsibility.

This is a commercial office setup in an established retail environment, suitable for tenants seeking on-site parking and shared restroom access within a shopping-center setting.

Key Highlights

  • Office units built in 1987 within a large busy shopping center
  • First class office space overlooking Route 495
  • Conveniently just off Route 495 at exit #17

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

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

Location Intelligence

Trade Area within ½ mile

553
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

$23 /SF/Yr
Avg Asking Price
$18–$40 /SF/Yr
Price Range
2,792 SF
Avg Space Size

This space is priced 17% below the average of $23 /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 - Office units in a large shopping center with generous on-site parking and shared public restrooms.
Where is this office units located?
The property is located at 500 Franklin Village Drive Franklin, MA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Office units built in 1987 within a large busy shopping center; First class office space overlooking Route 495; Conveniently just off Route 495 at exit #17
More about this property
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