397 East Central St, Franklin MA 02038
Franklin, MA 02038
$1,550,000
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Sale Statistics
Sale Overview
Original List Price:
$2,350,000
Final Sale Price:
$1,550,000
Difference:
$800,000 (-34.0%)
Performance Metrics
66.0%
List to Sale Ratio
Sold below asking price
240
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$226
Sale $/sq ft:
$149
This property sold for $149 per square foot
Sale Summary
This property sold for 34.0% below the original asking price.
At 240 days on market, this property took longer than average to sell.
About this home
Desirable 10,400 sq ft Office Building located on a flat lot zoned Commercial II available for sale. Approximately 5,000 sq ft per floor. Each floor is metered separately.Town Water, Sewer and natural gas. First floor is vacant. Great space for Accounting Firm, Law Office, Therapist, Financial Planner - Many private offices, kitchen , conference room, Flex spaces (floor plan attached ) The Second floor is currently occupied - lease expires 10/31/2026 (Dental practice) Large level lot with approximately 60 Parking spaces. Great Owner Occupied property or Re Development Opportunities!
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Property History
Market Insights
100%
Price Range
Property Timeline
Current Active Listing - MLS #73465506
Full transaction history available when tracking began
Currently Listed
Jan 6, 2026
$19
MLS #73465506 - Active
Sold
Oct 27, 2025
$1,550,000
Property sold
Listed for Sale
Sep 10, 2024
$1,695,000
Original listing
Agent: Christine Molla
Office: Costello Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/06/2026 | 🏡 Currently Listed | $19 | - | - | MLS #73465506 - Active |
| 10/27/2025 | ✓ Sold | $1,550,000 | - | - | Property sold |
| 09/10/2024 | 🏠 Listed for Sale | $1,695,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2024 | $24,254 | — |
Financial Details
Annual Property Tax
$24,254
Tax Year 2024
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1974
Living Area
10,400 sq ft
Lot Size
1.14 acres
Investment Metrics
Gross Income
$107,508
Operating Expenses
$42,747
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Tar/gravel, Rubber, Other
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$24,254
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Exterior Ramp Recently Updated - Dental Office Lease To Expire 10/31/2026 Seller Is Motivated For An Offer.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Norfolk
Property Overview
Listing Type
Sold
Year Built
1974
Living Area
10,400 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1974
Structure Type:
Exterior Materials:
Roof:
Tar/Gravel, Rubber, Other
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Frontage:
107.00 ft
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Franklin School District local
A
Where Graduates Go
Class of 2021
84%
attend college
79%
4-Year
5%
2-Year
45%
Out of State
4%
Working
School Safety
2024-25
0.7%
Low
0.7%
Suspensions
1.7%
In-School
4.8% below state avg
Elementary Schools
7 schools
Amego School
2.1 mi
Grades PK-12
A
Benjamin Franklin Classical Charter Public School
2.6 mi
|
#64 of 352
|
Score: 54.5
Improved 16 spots from last year
-3.7 below state avg
898 students
Diverse
Grades K-08
Franklin Early Childhood Development Center
1.6 mi
142 students
Diverse
Diverse Student Body
Grades PK
Lincoln Street K-2 Elementary School
2.1 mi
Grades K-02
Lincoln Street 3-5 Elementary School
2.1 mi
Grades 03-05
Washington Street K-2 Elementary School
2.8 mi
Grades K-02
Washington Street 3-5 Elementary School
2.8 mi
Grades 03-05
Middle Schools
1 school
Franklin Middle School
1.6 mi
Grades 06-08
High Schools
2 schools
A
Franklin High School
1.8 mi
|
#57 of 346
|
Score: 66.1
Improved 35 spots from last year
+7.9 above state avg
1,453 students
Moderate
18 sports
• 2,232 athletes
Strong AP Program
High Graduation Rate
Rising School
College Ready Curriculum
Grades 09-12
A-
Tri-County Regional Vocational Technical
2.4 mi
|
#92 of 346
|
Score: 60.8
Improved 46 spots from last year
+2.6 above state avg
1,000 students
Moderate
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Location
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Neighborhood
397 East Central St, Franklin MA 02038
Franklin, MA 02038
Listing Information
Listing Agent
Christine Molla
Listing Office
Costello Realty
Office Phone
508-528-0083
Agent MLS ID
BB981997
Office MLS ID
BB1510
Listing Data Updated
Oct 27, 2025 1:09 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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