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.
198 Grove St, Franklin, MA, 02038
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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