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    515 Main St Franklin, LA 70538

    For Sale
    $412,000

    Retail,Shopping Center - Franklin, LA

    Property size:
    11,484 SF
    Lot size:
    1.00 Acre
    Days on Market:
    130
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 515 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business
    Parking features
    Parking Lot
    Interior features
    Walk-in Freezer, Intercom
    Size
    11,484 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    eXp Realty, LLC (337) 522-7554 [email protected]

    Listing agent Rachel Spencer (337) 522-7554

    Listing date Jul 29, 2025

    MLS# 2500001065 Listing URL

    Copyright © 2025 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Grocery Store in Franklin, LA

    Located in the heart of downtown Franklin, Louisiana, across from the St. Mary Parish Courthouse, this vacant grocery store presents an opportunity to restore essential services to the community. The property, a long-standing fixture in Franklin, encompasses approximately 11,484 square feet. It comes equipped with features from its previous use as a grocery store, including cash registers, POS terminals, shelving, commercial coolers and freezers, and a box crusher. Additional equipment valued at approximately $60,000, stored at an off-site location, is included in the sale. The property also features a 175kw diesel generator that auto-starts within minutes after a loss of electricity and is capable of running the entire building and all systems. A 3-year-old 20-ton HVAC system with a 5-year transferable warranty on the compressor and a five-year-old roof contribute to comfort and energy efficiency. The sale includes both the main building lot and the adjacent parking lot. The property is zoned for business. The lot size is 1 acre. This property offers a foundation for a full-service grocery, a specialty retail concept, or a fresh take on local commerce.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Franklin
    County
    St. Mary
    State
    Louisiana
    Longitude
    -91.551196
    Latitude
    29.807628

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    FAQs

    What type of property is this?
    Grocery and convenience store - Vacant grocery store across from St. Mary Parish Courthouse.
    Where is this grocery and convenience store located?
    The property is located at 515 Main St Franklin, LA.
    What is the asking price?
    The asking price for this property is $412,000.
    What are key features of this property?
    This property features: - Fully equipped former grocery store with cash registers, POS, shelving, coolers, freezer, and box crusher included.; - Includes adjacent parking lot for customer and staff convenience.; - Powerful 175kw diesel generator ensures continuous operation.
    (337) 522-7554
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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
    515 Main St Franklin, LA 70538
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