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Wooded Industrial Land
For Sale
$499,900

8.6acs Councill Drive, Franklin, VA 23851

Land and Farms, Franklin, VA

Property SizeContact for details
Lot Size8.65 Acres
Days on Market1730

Property Features for 8.6acs Councill Drive

General Information

Property type Land
Property subtype Other
Zoning M-1
Subdivision ALL OTHERS AREA 67
Elementary school S.P. Morton Elementary
Middle school Joseph P. King Jr. Middle
Standard status Active
Lot size 8.65 Acres

Taxes and HOA fees

Tax Annual Amount 2435

Utilities

Water front features Waterfront
Listing Agency: CENTURY 21 Gold Market Realty · Century 21 Real Estate
Listed By: Darren Stauffer · License #VA0225043776
Added: Dec 13, 2021 Changed: Aug 19 Last Checked: Sep 8 at 10:06AM
MLS# 10415140

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This wooded industrial land parcel is zoned M-1, supporting wholesale, retail, and service businesses. City utilities are available, and the property includes waterfront features.

The parcel fronts Council Drive and is accessed via Armory Drive. It is adjacent to Walmart and lies within an Enterprise Zone offering economic incentives for new businesses. These documented zoning, utility, access, and surrounding-use characteristics provide a clear framework for evaluating commercial development possibilities.

Key Highlights

  • M‑1 zoning allows wholesale, retail, and service businesses
  • City utilities are available
  • Fronts Council Drive with access via Armory Drive

Property Analytics

Current Use

Industrial land

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 23851, VA

13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - M-1-zoned parcel with city utilities available and access from Council Drive via Armory Drive.
Where is this industrial land located?
The property is located at 8.6acs Councill Drive Franklin, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: M‑1 zoning allows wholesale, retail, and service businesses; City utilities are available; Fronts Council Drive with access via Armory Drive
More about this property
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