397 Central St Franklin, MA 02038-1304
Property profile & analytics
397 Central St Franklin, MA 02038-1304
- Medical Office Space
- 10,400 SF
- 1.14 lot acres
Property ID
US38-0650255
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Franklin Dental Associates / Dental Office
- Dr. Rudolph J. Shorette, DMD / Dental Office
- Franklin Dental Associates: Commette James DDS / Dental Office / Physician
- Maarten Broess, DDS, DMSc, DMD / Dental Office
- Theberge Gregory DDS / Dental Office
Property Details for 397 Central St
- Year built
- 1974
- Construction
- STEEL FRAME
- Lot size
- 1.14 lot acres
- Property size
- 10,400 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- FRAN M:285 L:005
- APU
- FRANM285L005
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $570,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,004,000
Market price range: $570k - $1.95M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,190,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,295,000 Change: +9% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,250,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $960,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.3793
- Latitude
- 42.0805
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$24,254
$559,100
$1,498,100
$2,057,200
-
$0.00
$0.00
$0.00
