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3 Bent St 8,500 SF 100% Leased Office Building Franklin, MA 02038 $1,150,000 ($135.29/SF)
Executive Summary
WONDERFUL INVESTMENT PROPERTY OR OWNER OCCUPIED INVESTMENT - 3 Bent Street includes over 8,500 sq ft of rentable space. Current Tenant is a Music School which is leasing approximately 80 % of the building and has been a tenant for over 15 Years. Existing Owner Occupied Space available includes a garage/storage area and Office space - Private bathroom and private entrance. Ample parking - Building has been nicely updated and maintained over the years. Town Water, Town Sewer , Natural Gas - Separately Metered - GREAT VALUE !
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$104,098
|
$15.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,098
|
$15.34
|
| Taxes |
$13,845
|
$2.04
|
| Operating Expenses |
$13,548
|
$2.00
|
| Total Expenses |
$27,393
|
$4.04
|
| Net Operating Income |
$76,705
|
$11.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $104,098 |
| Annual Per SF | $15.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $104,098 |
| Annual Per SF | $15.34 |
| Taxes | |
|---|---|
| Annual | $13,845 |
| Annual Per SF | $2.04 |
| Operating Expenses | |
|---|---|
| Annual | $13,548 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $27,393 |
| Annual Per SF | $4.04 |
| Net Operating Income | |
|---|---|
| Annual | $76,705 |
| Annual Per SF | $11.30 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,500 SF
Building Class
B
Year Built
2007
Price
$1,150,000
Price Per SF
$135.29
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,250 SF
Slab To Slab
11’
Building FAR
0.34
Lot Size
0.57 AC
Zoning
Non-conforming - Pre Existing Non Confirming Office Building - Currently Music School Major Tenant. And Owner Occupied Office Engineer
Parking
22 Spaces (2.59 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bourne Consulting Engineering
- Professional, Scientific, and Technical Services
- -
- -
- -
- Encore Music Academy
- Educational Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bourne Consulting Engineering | Professional, Scientific, and Technical Services | - | - | - | ||
| Encore Music Academy | Educational Services | - | - | - |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | FRAN-000215-000000-000025 | Total Assessment | $1,067,700 |
| Land Assessment | $388,000 | Annual Taxes | $13,845 ($1.63/SF) |
| Improvements Assessment | $679,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
FRAN-000215-000000-000025
Land Assessment
$388,000
Improvements Assessment
$679,700
Total Assessment
$1,067,700
Annual Taxes
$13,845 ($1.63/SF)
Tax Year
2025
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3 Bent St
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