186 Grv St, Franklin, MA 02038-3249
This exceptional 1.88-acre commercial property at 186 Grove Street, Franklin, MA, presents a remarkable investment opportunity. The professional office building, extensively remodeled in 2020, boasts 25 parking spaces and is ideally situated in a convenient industrial zone, just minutes from I-495. Currently configured as four separate business suites, each with its own distinct character, the building offers significant flexibility for a variety of uses. Four bathrooms cater to the needs of tenants and staff. The property features two independent natural gas heating systems, ensuring efficient and reliable climate control. Security is enhanced by a comprehensive alarm system and an integrated access card system, providing peace of mind. Landscaping is simplified with an automated irrigation system. Recent upgrades include a new roof (2020), exterior and common area lighting controlled by Lutron switches for energy efficiency and convenience, and a wheelchair-accessible ramp (2020). A Tesla power charger (pedestal base) adds a modern amenity. The building's exterior is finished with durable vinyl siding. The property is connected to town water and sewer systems. This property offers substantial expansion potential, making it an ideal choice for businesses seeking a well-maintained, strategically located office space with room to grow. The asking price is $1,195,000.
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LANConnect Systems, Inc. Tech Support Center (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.