55 Central St Franklin, MA 02038
- Office buildings
- 5,920 SF
- 0.45 lot acres
Current Use by Public Records
- Dora Brett, Realtor / Real Estate Agency / Mobile Home Dealer
- Dawn Oliveira / Real Estate Agency
- Michael Colombo - Real Living Realty Group / Real Estate Agent
- Matt Kelly Homes / Real Estate Agency / Real Estate Agent
- Matt Kelly Realtors / Real Estate Agent
Property Details for 55 Central St
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.45 lot acres
- Property size
- 5,920 SF
- Property type
- Office buildings
- APN
- FRAN M:279 L:018
- APU
- FRANM279L018
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,860,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,520,000
- 6.5%
- $1,465,000
- 7%
- $1,385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,520,000
- Geo Method
- $1,330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,255,000
- Retail
- $1,335,000
- Mixed-Use
- $1,280,000
- Hospitality
- $1,280,000
- Educational
- $1,495,000
- Residential Income
- $1,255,000
- Energy
- $1,205,000
- Income-Based Land
- $1,465,000
- Food Service
- $1,125,000
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.3997
- Latitude
- 42.0833
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA