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    1333 Carrsville Hwy Franklin, VA 23851

    For Sale
    $1,400,000

    Purchase,Commercial/Industrial - Franklin, VA

    Property size:
    98,280 SF
    Lot size:
    11.00 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1333 Carrsville Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    NEC
    Size
    98,280 SF
    Lot size
    11.00 Acres

    Building Details

    Year built
    1972
    Architectural style
    Other

    Exit Realty Central (757) 636-1161 [email protected]

    Listing agent Timothy Churchwell (757) 636-1161

    Listing date Sep 23, 2025

    MLS# 10601992 Listing URL

    Copyright © 2025 Real Estate Information Network, 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 VA Redevelopment Opportunity

    This redevelopment opportunity features almost 100,000 square feet of space on 11 acres. The property is located near Highway 58, Franklin plants, and the Centerpoint industrial complex. It is suitable for multifamily, flex space, and storage development. The zoning is NEC. The location is in Franklin, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BHG Franklin Treatment ... Addiction Treatment Center Behavioral Health Group Medical Clinic

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel HVAC Service Convenience Store Italian Restaurant Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Franklin City
    State
    Virginia
    Longitude
    -76.9057591
    Latitude
    36.6879044

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    FAQs

    What type of property is this?
    Flex space - Almost 100,000 SF on 11 acres near Hwy 58.
    Where is this flex space located?
    The property is located at 1333 Carrsville Hwy Franklin, VA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity on **11 acres**.; - Almost **100,000 sf. of space**.; - Located near Hwy 58, Franklin plants, and Centerpoint industrial complex.
    (757) 636-1161
    Request Owner's contact information
    1333 Carrsville Hwy Franklin, VA 23851
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    Franklin, VA 23851
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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
    1333 Carrsville Hwy Franklin, VA 23851
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