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Retail Space with Two-Street Frontage
New
For Sale
$349,500

115 E 2nd AVE, Franklin, VA 23851

Commercial Sale, Franklin, VA

Property Size22,154 SF
Lot Size0.27 Acres
Price / SF$15.78
Days on Market1

Property Features for 115 E 2nd AVE

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
View City
Standard status Active
APN 107-05515-13A
Size 22,154 SF
Lot size 0.27 Acres

Utilities

Heating system Heat Pump (Heating)
Water source Public

Building Details

Year built 1952
Floors in Building 2
Building materials Brick
Roof type Metal
Listing Agency: Family First Realty Inc.
Listed By:
Added: Oct 22 Last Checked: Oct 22 at 10:06PM
MLS# 12038170

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 22,154-square-foot retail property in Franklin, Virginia, occupies a 0.27-acre parcel and has storefronts facing two streets. The building includes a large warehouse area used for flea market booths, with more than 85% of the booths currently at capacity. An open area upstairs provides additional interior space.

Built in 1952, the brick building has a metal roof, heat pump heating, and public water service. It is located at 115 E 2nd Ave.

Key Highlights

  • 22,154‑square‑foot building on a 0.27‑acre parcel
  • Storefronts face two streets at 115 E 2nd Ave, Franklin, VA
  • More than 85% of flea market booths currently at capacity

Property Analytics

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Current Use

Scott & Associates Inc ... Real Estate Agency Family Therapeutic Services Counselor Elite Home Health ... Home Health Care Service Guiding Young Girls Social Service Agency Western Tidewater Appraisals Real Estate Agency

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Dental Office Building Supply Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 72% Shops & Services 28%
Hardee's Dining
7,280 visits/mo 0.0 miles
Mobil Shops & Services
2,768 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - An upper-level open area supplements the large retail floor and its existing flea market booth layout.
Where is this retail space located?
The property is located at 115 E 2nd AVE Franklin, VA.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 22,154‑square‑foot building on a 0.27‑acre parcel; Storefronts face two streets at 115 E 2nd Ave, Franklin, VA; More than 85% of flea market booths currently at capacity
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