CCertihomes
391/395 E Central St, Franklin, MA 02038

$4,900,000

0 beds 0 baths Built 1988Active

About this home

OPPORTUNITY KNOCKS IN THE HEART OF FRANKLIN! This magnificent, elegant commercial plaza with elevator access is ideal for investors. This is a professionally-managed plaza with large monthly revenue, as all units are steadily rented. It includes two buildings, contains one glamorous, luxury penthouse, 3 office suites and 7 retail spaces. The main entrance consists of a grand two-story foyer with chandelier. There is contemporary, neutral decor throughout the main building. The office spaces and residential suite have many windows that allow plush sunshine to enter the rooms and provide glimpses of surrounding trees. Many tenants benefit from modern, updated decor and easy access to their units with 100 available parking spaces. This premiere plaza is centrally located, walking distance to the Franklin Town Hall and has visibility from the major highway it rests on. Located on Route 140, close to I95, I495 and Route 1. Don't miss the chance to possess this golden revenue stream!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$33,937/mo

Real estate (PITI + HOA + PMI)
$34,317
Principal + interest$22,224
Property tax + insurance$10,255
PMI / 2nd mortgage$1,838
Utilities
$2,508
Heating + cooling$1,092
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$100
Car insurance + maintenance$100
Other (entertainment)
$158
$33,937/mo TLC
Budget$34,437/mo
Remaining after TLC$500/mo
Purchase price
$4,900,000
Down payment
$245,000 (5%)
Loan amount
$4,655,000
APR
4%

Quick facts

Type
COM
Style
Year built
1988
Lot size
1.41 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$38,101
MLS #
73227471
County
Norfolk

Neighborhood — 02038

MetricThis ZIPCountyUSA
Population30,4356,444,931299,088,112
Population Change Since199032.00%7.00%20.00%
Population Density1,117786
Male15,1073,127,134147,432,321
Female15,3283,317,797151,655,844
Never Married4,9221,612,88563,775,926
Married14,5242,586,314123,120,365
Separated690247,85712,639,686
Widowed1,153363,59415,467,586
Divorced1,382436,88823,075,029
Number Of House Hold10,3422,431,591111,826,380
Average House Hold Size2.882.562.60
Medial Age35.0137.2535.46
Median House Hold Income$82,953$57,698$48,276
Average House Hold Income$93,366$75,023$63,629
P C I$31,950$29,196$24,529
M D I$66,129$48,105$41,133
A T H E$67,118$57,083$50,898
S T R5.00%5.00%
W C J77.77%81.38%77.74%
(Zip) Code
2038

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 4/23/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.