Commercial Land With Historic
For Sale
$895,000
423 Iotla Street, Franklin, NC 28734
Commercial Sale, Franklin, NC
Property Size2,000 SF
Lot Size2.41 Acres
Price / SF$447.50
Days on Market57
Property Features for 423 Iotla Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Vegetation
Partially Wooded
Lot features
City, City Lot
Elementary school
East Franklin
Middle school
Macon Middle
High school
Franklin
Directions
From Franklin take Main Street to the corner of Iotla, head north and property is on the right. Or take the Depot Extension to left on Iotla Street, property is on the left. Starts near the corner of Sanctuary Village and ends near the corner of White Oak Circle.
Subdivision
Franklin
Standard status
Active
APN
6595027125
Size
2,000 SF
Lot size
2.41 Acres
Taxes and HOA fees
Tax Annual Amount
1572
Utilities
Utilities
Water Available
Building Details
Year built
1890
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl, Hardwood
Roof type
Shingle
Listing Agency:
Realty One Group Vibe
(828) 370-8423
Listed By:
Kelly Penland · License #276321
(828) 421-7705
Added: Jul 16
Changed: Sep 7
Last Checked: Sep 10 at 7:06PM
MLS# 26046538
Copyright © 2026 Carolina Smokies Association of Realtors. 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.
This 2.41-acre commercial land tract includes a 2,000-square-foot historic two-family residence, a full apartment below, and an 1,100-square-foot workshop. Built in 1890, the residence features 11-foot ceilings, hardwood flooring, historic woodwork, a terrarium sunroom, and a clawfoot tub. A nearby two-car carport and off-street parking are also included.
The property fronts a state-maintained road on Iotla Street and is within walking distance of downtown Franklin. City water, sewer, and Toccoa natural gas are available. Current R-1 zoning supports consideration of single-family homesites and multifamily configurations described for the property, while rezoning may allow additional development options.
The property fronts a state-maintained road on Iotla Street and is within walking distance of downtown Franklin. City water, sewer, and Toccoa natural gas are available. Current R-1 zoning supports consideration of single-family homesites and multifamily configurations described for the property, while rezoning may allow additional development options.
Key Highlights
- 2.41 acres on Iotla Street near downtown Franklin
- Current R‑1 zoning with city water, sewer, and Toccoa natural gas available
- 2,000‑square‑foot historic two‑family residence built in 1890
Property Analytics
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Current Use
Lease Details
11 ft
Clear height
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - R-1-zoned acreage near downtown with available water, sewer, and natural gas service.
Where is this commercial land located?
The property is located at 423 Iotla Street Franklin, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2.41 acres on Iotla Street near downtown Franklin; Current R‑1 zoning with city water, sewer, and Toccoa natural gas available; 2,000‑square‑foot historic two‑family residence built in 1890
