397 Central St, Franklin, MA 02038-1304
This exceptional commercial property, located at 397 East Central Street in Franklin, MA, presents a unique investment opportunity. The 10,400 square foot office building sits on a desirable 1.14-acre lot zoned Commercial II, offering significant flexibility for various uses. The building features approximately 5,000 square feet per floor, each independently metered for efficient utility management. Town water, sewer, and natural gas services are readily available. Currently, the first floor is vacant, providing immediate occupancy potential for a wide range of businesses, such as accounting firms, law offices, or medical practices. The floor plan includes numerous private offices, a kitchen, a conference room, and flexible spaces ideal for customization. The second floor is currently leased to a dental practice, with the lease expiring October 31, 2026. The property boasts a substantial 60-space parking lot, ensuring ample convenience for tenants and visitors. This level lot presents excellent opportunities for owner-occupancy or future redevelopment projects, capitalizing on the prime location and substantial square footage. The property's versatility and location make it an attractive investment for both immediate income generation and long-term growth.
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Franklin Dental Associates Dental Office
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Dr. Rudolph J. Shorette, DMD Dental Office
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Franklin Dental Associates: Commette James DDS Dental Office Physician
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Maarten Broess, DDS, DMSc, DMD Dental Office
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Theberge Gregory DDS Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.