Commercial Sale at 198 Grove St, Franklin MA 02038
Commercial Sale at 198 Grove St, Franklin MA 02038, photo 2 of 7
Commercial Sale at 198 Grove St, Franklin MA 02038, photo 3 of 7
Commercial Sale at 198 Grove St, Franklin MA 02038, photo 4 of 7
Commercial Sale at 198 Grove St, Franklin MA 02038, photo 5 of 7
Commercial Sale at 198 Grove St, Franklin MA 02038, photo 6 of 7
Commercial Sale at 198 Grove St, Franklin MA 02038, photo 7 of 7
7 photos

$800,000

198 Grove St, Franklin MA 02038
Franklin, MA 02038
Listed by Eileen A. Mason
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1984

About this home

Discover a premier commercial development opportunity at 198 Grove Street, Franklin, MA. This strategically located industrial-zoned parcel spans 40,101 square feet (0.92 acres) and offers highly desirable dimensions, featuring 285 feet of frontage along Grove Street with a depth of 497 feet. Positioned directly at the entrance of a major UPS warehouse facility, this property is uniquely suited for conversion into a modern distribution warehouse, contractor yard, fleet parking lot, or self-storage facility. The site currently features a single-family log cabin and an inground pool, providing temporary functional use during the permitting phase. For developers seeking a larger footprint, an adjacent 2.0-acre industrial lot (MLS 73510670) is also available, allowing for a combined assembly of nearly 3 acres. While currently utilizing an active septic system, municipal sewer and natural gas infrastructure are already stubbed at the street, significantly simplifying utility hookups.

Property details

MLS
MLS Property Information Network
MLS #
73510742
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
174
On market date
April 30, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.92 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

ElementaryCharter
Benjamin Franklin Classical Charter Public School
0.59 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
818
Student:teacher ratio
14.4:1
District
Benjamin Franklin Classical Charter Public (District)
Middle
Remington Middle
1.02 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
9.9:1
District
Franklin
High
Tri-County Regional Vocational Technical
2.01 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
939
Student:teacher ratio
10.9:1
District
Tri-County Regional Vocational Technical

Walkability

Blended score for Franklin's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

42
Somewhat walkable
out of 100
EPA National Walkability Index
5.8 / 20 -- Below average walkable
Google Places amenity density
60 / 100
Restaurants & cafes8
Grocery stores0
Parks3
Schools5
Transit stops3
Pharmacies0

Market position

How this listing compares to current activity in Franklin, from live MLS data.

On the market 174 days -- 84 more days than Franklin's current average of 90 days.
For reference, the median list price across 205 active listings in Franklin right now is $550,000.

Mortgage calculator

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Est. monthly payment
$4,968/mo
$160,000 down
$640,000 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 19 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.