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115 5Th Ave Franklin, TN 37064

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For Sale
$1,300,000

Historic District, Fully Leased, Excellent Income

Property size:
1,302 SF

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

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Listing Contact
Loy Hardcastle

Listing Agency: Parks Compass Listing Agent: Loy Hardcastle

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

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

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

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.
More about this property
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