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196 Grove St - 196 Grove St, Franklin, MA - Industrial 2 Acres of Industrial Land Offered at $1,100,000 in Franklin, MA 02038
Investment Highlights
- Heavy Industrial Traffic
- New 330 Unit Residential Rental Development on the Street - Beginning Construction in 2026
- Heavy Delivery Van Traffic from 10 Acre Distribution Center directly behind land
- Easy access to Rte 495 exit 41 or 43
Executive Summary
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$5,116
|
$2,558.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,116
|
$2,558.00
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $5,116 |
| Annual Per AC | $2,558.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $5,116 |
| Annual Per AC | $2,558.00 |
Property Facts
1 Lot Available
Lot 306-012-00
| Price | $1,100,000 | Lot Size | 2.00 AC |
| Price Per AC | $550,000.00 |
| Price | $1,100,000 |
| Price Per AC | $550,000.00 |
| Lot Size | 2.00 AC |
Zoned Industrial, with current Residential Use. Located at the entrance of a major warehouse facility, this property lends itself to becoming a convenience store & gas station operation w/Planning Board approval. 247' frontage X 497' deep.
Description
Zoned Industrial, with current Residential Use, this lot is prime for redevelopment. Located at the entrance of a major warehouse facility, this property lends itself to becoming a convenience store & gas station operation w/Planning Board approval. This sought after parcel has 247' frontage and runs 497' to the back property line. Located close to a new 300 unit residential apartment development, that is in the beginning of its construction phase on Grove Street. offers plenty of opportunity to succeed at this location. Residential building can be rehabed or torn down based on site plans. This land is NOT in the Canibas Zone. Easy access to Rte 495. Please do not enter property without an appoinment as it is currently occupied. Adjacent property, 198 Grove St is also available for sale. It has .92 acres of land zoned industrial with current residential use. In total there is approximately 3 acres of industrial zoned land available.
Property Taxes
| Parcel Number | FRAN-000306-000000-000012 | Total Assessment | $440,300 (2025) |
| Land Assessment | $259,300 (2025) | Annual Taxes | $5,116 |
| Improvements Assessment | $181,000 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
196 Grove St - 196 Grove St, Franklin, MA - Industrial
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