Retail Business with
New
For Sale
$800,000
116 Council Drive, Franklin, VA 23851
Commercial/Industrial, Franklin, VA
Property Size7,080 SF
Lot Size7.03 Acres
Price / SF$112.99
Days on Market4
Property Features for 116 Council Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Subdivision
ALL OTHERS AREA 67
Standard status
Active
Size
7,080 SF
Lot size
7.03 Acres
Taxes and HOA fees
Tax Annual Amount
47565
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1999
Roof type
Tar/Gravel
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 935-9000
Listed By:
Christina Pyon
(757) 690-0439
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 11 at 9:06AM
MLS# 10652657
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Investment Insights
Based on property information with market context.
This offering presents a retail business operating from a 7,080-square-foot facility on approximately 7.028 acres. The business is offered separately from the real estate, and inventory is included with the business sale. The building was constructed in 1999 and has a tar-and-gravel roof, central air, and forced-air heating.
Located at 116 Council Drive in Franklin, Virginia, the property carries M1 zoning. The combination of an existing retail operation, substantial land area, and an established commercial building provides a defined setting for the business and its operations.
Located at 116 Council Drive in Franklin, Virginia, the property carries M1 zoning. The combination of an existing retail operation, substantial land area, and an established commercial building provides a defined setting for the business and its operations.
Key Highlights
- Business‑only sale with inventory included
- 7,080‑square‑foot facility on 7.028 acres
- M1 zoning in Franklin, Virginia
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
4,063 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Established retail operation with an on-site facility, M1 zoning, central air, and forced-air heating.
Where is this retail space located?
The property is located at 116 Council Drive Franklin, VA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Business‑only sale with inventory included; 7,080‑square‑foot facility on 7.028 acres; M1 zoning in Franklin, Virginia
