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12 - 36 E Central Street, Franklin, MA

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12 - 36 E Central Street

Route 140
Franklin, MA 02038-1469 - I-95 Corridor South Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1900
Building Size:20,384 SF Land Area:2.1 AC (91,559 SF)
For Sale Price:$3,200,000 Price/SF:$156.99
Cap Rate:8.00 %
Parking:Free Surface spaces are available; Ratio of 5.87/1,000 SF
Features:Bus Line, Signalized Intersection

February 2005: Property sold to Franklin Center Commons LLC as per comp MAC-42565-03-0520.

Main street, prime retail location. 22000 cars pass by this property per day.

Sale Notes:
Stunning retail building in the heart of the major Franklin Center Commons mixed-use development. Prime center location with exceptional visibility. Masterfully renovated building ($2 million renovation and construction just complete in prime two level restaurant space). NNN leases on retail plus 5 residential units above. Well priced to allow strong return to investor.
Franklin Center Commons is a mixed-use development in the heart of downtown Franklin. This is the largest smart growth development in the state of Massachusetts. It is a $28 million initiative to include a total of four buildings, three of which will be mixed use. The entire project is located in downtown Franklin within walking distance to the commuter rail.

Coldwell Banker Newton Center
Todd Glaskin
(617) 969-2447

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