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507 New Hwy 96 West, Franklin, TN 37064

$3,900,000
  • 507 New Hwy 96 West, Franklin, TN 37064 Main Photo

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Under Contract - Not Showing
SQUARE FEET8,445 MLS#2963036
STATUSUnder Contract - Not Showing PROPERTY TYPECommercial - Business

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!

507 New Hwy 96 West | MLS# 2963036

This commercial property located at 507 New Hwy 96 West, Franklin, TN 37064 is currently listed for sale with an asking price of $3,900,000. Search Franklin real estate on www.crye-leike.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 2.67 Acres
Year Built: 1984

Feature Descriptions

Days on Site: 217
Parcel#: 094078B A 00500 00009078B
Security: Fire Alarm, Security System, Smoke Detector(s)

Listed By / Shown By

Listed By

Agency Name: Magli Realty Company
Agency Phone: 6157945484


Co-Listed By

Agent Name: Joyce Friedman

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Nashville MLS

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