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198 Grove St, Franklin MA 02038

Franklin, MA 02038
$800,000
Est. $4,741/month
0.92
Acres
1984
Year Built
45
Days on Market
Active Listed Apr 30, 2026 • MLS# 73510742 Copied!

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.

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Property Overview

Listing Type
Commercial Sale
Year Built
1984
Living Area
0 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1984
Living Area 0.00
Lot Size 0.92 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
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, Private Sewer

Financial

Annual Tax $5,949

Interior Features

Flooring:
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Construction & Materials

Year Built: 1984
Structure Type:
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Heating, Cooling & Utilities

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Exterior & Lot

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Parking & Garage

Parking Features:

Location

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Neighborhood

198 Grove St, Franklin MA 02038

Franklin, MA 02038

Walkability

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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
E

Elementary Schools

3 schools
A
Benjamin Franklin Classical Charter Public School
0.6 mi | #64 of 352 | Score: 54.5
Improved 16 spots from last year
-3.7 below state avg
898 students Diverse
Grades K-08
Amego School
0.8 mi
Grades PK-12
Washington Street K-2 Elementary School
1.0 mi
Grades K-02
M

Middle Schools

2 schools
Franklin Middle School
2.0 mi
Grades 06-08
C+
Bellingham Memorial Middle School
2.5 mi | #231 of 352 | Score: 38.2
Improved 9 spots from last year
-20 below state avg
586 students Moderate
Grades 04-07
H

High Schools

3 schools
A-
Tri-County Regional Vocational Technical
2.0 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
A
Franklin High School
2.1 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
B-
Bellingham High School
2.3 mi | #201 of 346 | Score: 51.4
Improved 26 spots from last year
-6.8 below state avg
740 students Moderate
16 sports • 1,234 athletes
Rising School College Ready Curriculum Strong Athletics
Grades 08-12
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Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $496
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Apr 30, 2026
$800,000
Original listing
Agent: Eileen A. Mason Office: REMAX Executive Realty

Price & Status History

Date Event Price Change
Apr 30, 2026 New Listing Added $800,000

Market Statistics

Days on Market
45 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $5,949

Financial Details

Annual Property Tax
$5,949
Tax Year 2025

Listing Information

Listing Agent Eileen A. Mason
Listing Office REMAX Executive Realty
Agent MLS ID BB806396
Office MLS ID BB1175
Listing Data Updated Jun 5, 2026 3:05 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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198 Grove St, Franklin MA 02038 - Photo 1 198 Grove St, Franklin MA 02038 - Photo 2 198 Grove St, Franklin MA 02038 - Photo 3 198 Grove St, Franklin MA 02038 - Photo 4 198 Grove St, Franklin MA 02038 - Photo 5 198 Grove St, Franklin MA 02038 - Photo 6 198 Grove St, Franklin MA 02038 - Photo 7
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