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Two-Story Office Building
For Sale
$1,500,000

228 E Palmer Street, Franklin, NC 28734

Commercial Sale, Franklin, NC

Property Size24,574 SF
Lot Size0.37 Acres
Price / SF$61.04
Days on Market298

Property Features for 228 E Palmer Street

General Information

Property type Residential
Property subtype Office
Zoning description FC1
Rooms Basement
Parking features Parking Lot
Security features Security System
Basement Unfinished, Storage Space
Lot features Corner Lot, Level
Standard status Active
APN 6594194852
Lot size 0.37 Acres

Taxes and HOA fees

Tax Description PALMER STREETFORMER MACON FURNITURE MART
Legal Description PALMER STREETFORMER MACON FURNITURE MART

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas, Central
Cooling system Central Air, Electric, Heat Pump

Amenities

multiple lobbies
conference rooms
kitchenettes
water fountains
abundant storage
diesel generator

Building Details

Year built 1909
Flooring type Wood, Carpet, Tile
Building materials Brick Partial
Roof type Flat, Rubber
Listing Agency: Keller Williams Professionals · Keller Williams Realty
Listed By: Jake Mossman · License #325658
Added: Nov 25, 2025 Changed: Sep 14 Last Checked: Sep 18 at 11:06PM
MLS# 4319743

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1909, this two-story office property combines 24,574 square feet of finished heated area with an additional 6,079 square feet of unfinished basement space. The primary structure at 228 E Palmer Street contains 20,122 square feet of furnished, split-level workspace with an elevator, glass-front offices, conference rooms, kitchenettes with appliances, storage, 12 bathrooms, refinished wood flooring, tile, and carpet. Thirteen HVAC units support climate control throughout, and office furnishings convey with the property.

A separate 1,434-square-foot suite at 208 E Palmer has a private portico-style entrance and can operate independently or connect with the main building. The property also includes 3,018 square feet across 224 and 226 E Palmer, where both units are currently leased. Additional infrastructure includes a diesel generator with a double-walled 250-gallon tank, public sewer, and direct adjacency to a city parking lot. Located in Franklin's core business district on a 0.37-acre site, the property offers substantial office space with multiple configurations and existing leased area.

Key Highlights

  • 24,574 SF of finished heated space plus 6,079 SF of unfinished basement
  • 20,122 SF main structure with furnished split‑level workspace and elevator
  • Separate 1,434 SF suite at 208 E Palmer with private entrance

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

963
Businesses Nearby

Demographics for 28734, NC

29,284
Population
18,472
Households
1.6
Avg Household Size
49
Median Age
21%
College-Educated
90%
High-School Grad
301.0 sq mi
ZIP Area
97
Density / Sq Mi
$50,221
Median Household Income
$35,913
Median Earnings
$779
Median Rent
$203,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Updated, furnished workspace includes elevator access, conference rooms, kitchenettes, multiple bathrooms, and separate suite configurations.
Where is this office building located?
The property is located at 228 E Palmer Street Franklin, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 24,574 SF of finished heated space plus 6,079 SF of unfinished basement; 20,122 SF main structure with furnished split‑level workspace and elevator; Separate 1,434 SF suite at 208 E Palmer with private entrance
More about this property
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