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    114 New Park Ave Franklin, CT 06254

    For Lease
    $2,800 /Mo ($17 SF/Yr)

    Commercial For Lease - Franklin, CT

    Property size:
    1,900 SF
    Lot size:
    2.20 Acres
    Days on Market:
    153
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 114 New Park Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IND
    APN
    1477817
    Parking
    10
    Parking features
    Paved or Surfaced, Unassigned
    Exterior features
    Gutters, Lighting, Door Sign
    Size
    1,900 SF
    Lot size
    2.20 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2001
    Floors in Building
    1
    Roof type
    Fiberglass, Shingle
    Architectural style
    Other

    The Greene Realty Group (978) 300-5056 [email protected]

    Listing agent Derek Greene (860) 560-1006

    Listing date Jul 15, 2025

    MLS# 24111824 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Franklin Office/Tech Space For Lease

    This office/tech space, built out in 2022, is available for lease and is situated within the Norwich Business Park in a tranquil suburban setting off of New Park Avenue. The space features a combination of private offices and an open work area, complemented by a kitchenette and a private bath. It includes central air and heat, 9 ft ceilings, and oversize windows that provide ample natural light. The property offers parking directly in front of the entry. The location provides convenient access to I-395, Route 2, and Route 32. The property is zoned IND and is situated on a 2.2-acre lot in Franklin, New London County, CT. The space encompasses 1900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.125358
    Latitude
    41.568068

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    FAQs

    What type of property is this?
    Office space - Recently built-out office/tech space in a tranquil suburban setting.
    Where is this office space located?
    The property is located at 114 New Park Ave Franklin, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Newly Built-Out in 2022: Modern office/tech space in excellent condition.; - Convenient Location: Tranquil suburban setting in Norwich Business Park with easy access to I-395, Route 2, and Route 32.; - Functional Layout: Combination of private offices and open work area.
    (860) 560-1006
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    Franklin, CT 06254
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 New Park Ave Franklin, CT 06254
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