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Building 1 326 Union St 5,492 SF 100% Leased Retail Building Franklin, MA 02038 $1,800,000 ($327.75/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Multiple Building Property
- High Visibility Retail/Office Plaza
- 4 Buildings on .84 Acres
EXECUTIVE SUMMARY
Prime investment or redevelopment opportunity in business district. Multiple buildings included in this sale. Main building is the convenience store with vacant office spaces above on the 2nd floor. That floor needs to be improved before leasing it. 2nd building is a contractors garage. 3rd building is a retail strip mall and 4th building is a hair salon. Possible opportunity for converting office spaces to residential in the main building and or redeveloping the entire site. Buyers responsible for researching all zoning requirements and due diligence.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,492 SF
Building Class
C
Year Built
1993
Price
$1,800,000
Price Per SF
$327.75
Cap Rate
6.70%
NOI
$120,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.84 AC
Zoning
Commercial 1 - Mixed Use
Parking
4 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | FRAN-000287-000000-000055 | Improvements Assessment | $929,900 |
| Land Assessment | $462,700 | Total Assessment | $1,392,600 |
PROPERTY TAXES
Parcel Number
FRAN-000287-000000-000055
Land Assessment
$462,700
Improvements Assessment
$929,900
Total Assessment
$1,392,600
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Building 1 | 326 Union St
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