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    250 Franklin Village Dr Franklin, MA 02038

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    For Lease
    Contact for pricing

    High-traffic shopping center; spaces available.

    Lot size:
    303,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Franklin Village Plaza, a premier shopping center in Norfolk County, Massachusetts, offers a unique retail investment opportunity. This 303,144 square foot center, situated on a 33.66-acre lot, boasts 1,486 parking spaces and is conveniently located off Route I-495, Exit 17, serving the greater Boston area. Built in 1987, the property currently features four suites, with 9,050 square feet of vacant space available. Spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 3,200 square feet. The center enjoys high foot traffic due to its strategic location and diverse tenant mix, including national brands like Marshalls, Men's Warehouse, Bob's Discount Furniture, and Panera Bread, as well as a Stop & Shop anchor tenant. In addition to these established businesses, Franklin Village Plaza houses several popular local businesses, offering a unique blend of national and local retail experiences. This diverse tenant roster caters to a broad range of customer needs, ensuring consistent foot traffic and strong potential for future growth. The property's ample parking and convenient location make it an attractive destination for shoppers in the region. This is an exceptional opportunity to acquire a well-established retail property in a thriving market.

    Property Features for 250 Franklin Village Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    303,144 SF

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    Available Space 44
    Size
    1,000 SF
    Space
    Available Space 46B
    Size
    2,285 SF
    Space
    Available space 39
    Size
    2,565 SF
    Space
    Suite 41 Coming Available
    Size
    3,200 SF

    HighLights

    • Norfolk County retail center.
    • 303,144 square feet total building area.
    • Maximum contiguous space: 3,200 square feet; minimum divisible space: 1,000 square feet.
    • 33.66‑acre site with 1,486 parking spaces.
    • Built in 1987; four suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    LongHorn Steakhouse Steak House Franklin Village Plaza Shopping Mall Tesla Supercharger Electric Vehicle Charging Station Mattress Firm Franklin Mattress Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4232572
    Latitude
    42.0893095

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center; spaces available.
    Where is this lifestyle center located?
    The property is located at 250 Franklin Village Dr Franklin, MA.
    What are key features of this property?
    This property features: Norfolk County retail center.; 303,144 square feet total building area.; Maximum contiguous space: 3,200 square feet; minimum divisible space: 1,000 square feet.
    Request Owner's contact information
    250 Franklin Village Dr Franklin, MA 02038
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    Franklin, MA 02038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 Franklin Village Dr Franklin, MA 02038
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