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    303 Central St Franklin, MA 02038

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    For Lease
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    Grocery-anchored retail space available in Franklin, MA

    Lot size:
    175,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Horace Mann Plaza offers exceptional retail space in a thriving Franklin, MA location. This 175,000 square foot, grocery-anchored shopping center, renovated in 2016, features a diverse mix of national and regional tenants including Shaw's Supermarket, Dollar Tree, Big Lots, Aubuchon Hardware, Altitude Trampoline Park, Citizens Bank, and Kumon. Situated at the intersection of Route 140 and Chestnut Street, the property enjoys high visibility and accessibility with over 20,000 vehicles passing daily. The 16.99-acre site provides ample parking (971 spaces) and excellent frontage (approximately 1,300 feet). Spaces range from 2,630 to 9,335 contiguous square feet, with one currently available space measuring 1,809 square feet. The property is zoned Commercial II and boasts light controlled access. Built in 1964, this center benefits from its prime location and strong tenant roster, making it an ideal opportunity for retailers seeking high traffic and visibility in a well-established shopping center. The property's location in Norfolk County, Massachusetts, offers easy access to major transportation routes and a strong local customer base.

    Property Features for 303 Central St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    175,000 SF

    Building Details

    Year Built/Renovated
    1964/2016

    Unit(s) available at that property

    Space
    Available Space J
    Size
    1,809 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Altitude Trampoline Park ... Indoor Playground

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3833651
    Latitude
    42.0812882

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    FAQs

    What type of property is this?
    Individual retail property - Grocery-anchored retail space available in Franklin, MA
    Where is this individual retail property located?
    The property is located at 303 Central St Franklin, MA.
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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
    303 Central St Franklin, MA 02038
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