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    231 S College St Franklin, KY 42134

    For Sale
    $339,900

    Commercial - Franklin, KY

    Lot size:
    0.23 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 231 S College St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    013-00-26-008.00
    Parking features
    On Street, Parking Lot, Paved or Surfaced
    Interior features
    Finished, Office Space
    Exterior features
    Partial, Fence
    Fencing
    Fenced
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1935
    Flooring type
    Carpet, Hardwood, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Keller Williams First Choice Realty (270) 782-1811 [email protected]

    Listing agent Cory White (270) 782-1811 License #288374

    Listing date Oct 28, 2025

    MLS# RA20253889 Listing URL

    Copyright © 2025 REALTOR® Association of Southern Kentucky, 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

    Historic Commercial Property with Potential

    This 3,347 sq ft commercial property, built in 1935, is located in Franklin, Kentucky, on a 0.23-acre lot. The property is situated minutes from downtown and the parkway. Originally the home of a former town mayor, the property is configured for commercial use and contains 4 bedrooms and 4.5 bathrooms. The layout allows for conversion back into a private residence, bed-and-breakfast, or live-work space. The interior has room for customization for office space or a boutique. The property is near downtown shops, dining, and major thoroughfares. Furniture is negotiable. The building has preserved architectural details. It is suited for business owners, investors, or homeowners.
    Location Intelligence

    Current Use by Public Records

    OHP Work Care Walk-In Clinic Simpson County Literacy ... Non-Profit Organization Square to Square Ride Shinto Shrine

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.5795672
    Latitude
    36.7190825

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    FAQs

    What type of property is this?
    Mixed-use property - 3,347 sq ft commercial property on .23-acre lot in Franklin, KY.
    Where is this mixed-use property located?
    The property is located at 231 S College St Franklin, KY.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: - Prime location minutes from downtown Franklin and the parkway, offering excellent visibility and convenience.; - 3,347 sq ft property on a .23-acre lot with commercial zoning and residential potential.; - Versatile layout with **4 bedrooms and 4.5 bathrooms**, easily convertible to a residence, B&B, or live-work space.
    (270) 782-1811
    Request Owner's contact information
    231 S College St Franklin, KY 42134
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    Franklin, KY 42134
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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
    231 S College St Franklin, KY 42134
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