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    124 Grove St Franklin, MA 02038

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    For Lease
    Contact for pricing

    Class A Office Space, 36,757 SF Available

    Lot size:
    112,756 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 124 Grove Street in Franklin, Massachusetts, offers a rare opportunity for businesses seeking prestigious executive office space. The property boasts a total of 112,756 square feet across three stories, with 36,757 square feet currently vacant and available for lease. Units range from a minimum of 1,682 square feet to a maximum contiguous space of 9,119 square feet, providing flexibility for various business needs. The building features impressive architectural details including marble floors and an elegant oak and glass stairway. Ample parking is provided with 560 free surface spaces. The property benefits from robust electrical service, including 1,800 Amps, 460 volts, and 3-phase power. Situated on a 12.6-acre lot in Norfolk County, this location offers convenient access to amenities. Within a mile of the MBTA station at Forge Park, the building enjoys proximity to the vibrant Franklin Village Shopping Center, home to over 40 restaurants and retail stores. This is an unparalleled opportunity to establish your business in a highly desirable and well-connected location. The building is suitable for multiple tenants.

    Property Features for 124 Grove St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    112,756 SF
    Class
    A

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Second Floor
    Size
    3,834 SF
    Space
    Third Floor
    Size
    1,735 SF
    Space
    Third Floor
    Size
    3,006 SF
    Space
    Third Floor
    Size
    7,052 SF
    Space
    Third Floor
    Size
    4,231 SF
    Space
    Third Floor
    Size
    1,682 SF
    Space
    First Floor
    Size
    9,119 SF
    Space
    Third Floor
    Size
    6,098 SF

    HighLights

    • Class A office building totaling 112,756 square feet in Franklin, MA, with 36,757 square feet available for lease.
    • Units range from 1,682 to 9,119 contiguous square feet.
    • Features include new bathrooms, updated common areas, and excellent window lines.
    • Located off I‑495 and Route 140, within two miles of a commuter rail station.
    • 560 free surface parking spaces and robust 1800‑amp, 460‑volt, 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    SyTech Software Company TRC Companies Corporate Office Back to Business Employment Center Accolade Technology: Intelligent ... Corporate Office Quadrant Software Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4187712
    Latitude
    42.0747776

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, 36,757 SF Available
    Where is this office property / space located?
    The property is located at 124 Grove St Franklin, MA.
    What are key features of this property?
    This property features: Class A office building totaling 112,756 square feet in Franklin, MA, with 36,757 square feet available for lease.; Units range from 1,682 to 9,119 contiguous square feet.; Features include new bathrooms, updated common areas, and excellent window lines.
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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
    124 Grove St Franklin, MA 02038
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