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Listed by Tom Magli CCIM • Magli Realty Company
$3,900,000
Est. payment /mo
8,445 SqFt
Active
507 New Hwy 96 West Franklin, TN 37064
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,445 sqft
Price per Sqft $461
MLS Listing ID 2963036
Year Built 1984
Lot Size 2.672 Acres
Acres 2.672
Property Sub-Type Mixed Use
Property Description
Investment opportunity close to Historic Downtown Franklin, TN, one of Williamson County's most sought-after locations. This freestanding commercial building is multi-level and spans 8,445 square feet on a 2.67-acre lot. Currently, fully occupied and leased by the City of Franklin, the property guarantees stable income through June 30, 2027, totaling $620,048.50 over the lease term. Tenant responsibilities include maintenance, taxes, insurance utilities and landscaping. Situated on a major thoroughfare with daily traffic of nearly 15,000 vehicles (as of April 2024), this property boasts exceptional visibility and proximity to Downtown Franklin and key intersections, making it ideal for businesses seeking convenience and exposure.
Flexible options after lease expiration: owner occupancy, new tenant leasing, or split use (one floor for owner, one for tenant) Its Civic Institutional zoning (CI) supports diverse uses such as public assembly, medical offices, clinics, rehabilitation, educational facilities, civic and fraternal uses, and professional spaces to name a few.
The property features a parking lot with 44 spaces (including handicap-accessible spots), security systems, an audio-visual capable conference room, LED lighting, and multiple HVAC systems for optimal comfort.
Originally constructed as the administrative headquarters for the Franklin Special School District, this property is ready for its next chapter in Franklin's thriving market. Don't miss this exceptional opportunity to own a highly desirable asset—contact us today to learn more or schedule a private tour!
Flexible options after lease expiration: owner occupancy, new tenant leasing, or split use (one floor for owner, one for tenant) Its Civic Institutional zoning (CI) supports diverse uses such as public assembly, medical offices, clinics, rehabilitation, educational facilities, civic and fraternal uses, and professional spaces to name a few.
The property features a parking lot with 44 spaces (including handicap-accessible spots), security systems, an audio-visual capable conference room, LED lighting, and multiple HVAC systems for optimal comfort.
Originally constructed as the administrative headquarters for the Franklin Special School District, this property is ready for its next chapter in Franklin's thriving market. Don't miss this exceptional opportunity to own a highly desirable asset—contact us today to learn more or schedule a private tour!
Location
State TN
County Williamson County
Zoning CI
Interior
Fireplace N
Others
Special Listing Condition Standard
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