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    115 5Th Ave Franklin, TN 37064

    Sponsored
    For Sale
    $1,300,000

    Historic District, Fully Leased, Excellent Income

    Property size:
    1,302 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located in Franklin's vibrant Historic District at 115 5th Ave N, presents a compelling investment opportunity. The 1,302 square foot building sits on a 0.09-acre lot and boasts a prime location, ensuring consistent tenant demand. The structure is in excellent condition, featuring a recently installed TPO (reflective membrane) roof, demonstrating a commitment to long-term maintenance. Currently fully leased with reliable tenants, this property offers immediate and substantial cash flow. The existing lease agreement extends until November 2029, with a built-in 4% annual rent increase, providing predictable and growing income. Leases are structured as double net (NN), meaning tenants cover property taxes and insurance in addition to base rent, minimizing the owner's operational expenses. Convenient rear entrances accessible from the alley provide efficient access for both tenants and deliveries. The seller is open to exploring owner financing options, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a stable, high-performing asset in one of Franklin's most desirable locations. Don't miss this opportunity to own a piece of Franklin's rich history and thriving commercial landscape.

    Property Features for 115 5Th Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,302 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1924
    Property Profile Location Intelligence

    Current Use by Public Records

    Ed Underwood - State ... Insurance Agency Select Homes/Select Properties Real Estate Agency Select Homes Real Estate Agent

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson County, TN
    State
    Tennessee
    Longitude
    -86.87218
    Latitude
    35.92434

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    FAQs

    What type of property is this?
    Mixed-use property - Historic District, Fully Leased, Excellent Income
    Where is this mixed-use property located?
    The property is located at 115 5Th Ave Franklin, TN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (615) 790-7400
    Request Owner's contact information
    115 5Th Ave Franklin, TN 37064
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    Franklin, TN 37064
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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
    115 5Th Ave Franklin, TN 37064
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