Historic District Retail
For Sale
$2,590,000
Pending
117 5th N Ave, Franklin, TN 37064
Fully leased retail property in Franklin's Historic District.
Property Size3,625 SF
Lot Size0.09 Acres
Days on Market654
Property Features for 117 5th N Ave
General Information
Standard status
Pending
Size
3,625 SF
Lot size
0.09 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1924
Listing Agency:
Parks Compass
(615) 948-3704
Listed By:
Loy Hardcastle · License #268108
(615) 948-3704
Source:
Exitrealty
Added: Oct 25, 2024
Changed: Aug 8
Last Checked: Jul 23 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parks Compass
Investment Insights
Based on property information with market context.
Located in the Historic District of downtown Franklin, this retail property features structural and mechanical systems in optimal condition. The roof is constructed with a TPO reflective membrane. The property is fully leased with established tenants and includes rear entrances accessible from the alley. The current lease for unit 117-A 5th Ave is set to expire in April 2025, while the lease for unit 117-B 5th Ave extends until August 2029, with a 4% annual increase. The leases are structured as double net leases, incorporating taxes and insurance as additional rent. The property size is 3,625 square feet. Owner financing options may be available.
Key Highlights
- Fully leased with solid tenants providing immediate income.
- Excellent location in the Historic District of downtown Franklin.
- Double net leases (taxes and insurance included).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
85k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 20%
Apparel 16%
Hotels & Casinos 14%
McDonald's
Dining
23,569 visits/mo
0.2 miles
SONIC Drive In
Dining
15,023 visits/mo
0.4 miles
The Harpeth Franklin Downtown, Curio Collection By Hilton
Hotels & Casinos
11,954 visits/mo
0.4 miles
Shell
Shops & Services
9,508 visits/mo
0.4 miles
Anthropologie
Apparel
8,703 visits/mo
0.2 miles
Demographics for 37064, TN
62,422
Population
25,302
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
94%
High-School Grad
184.0 sq mi
ZIP Area
339
Density / Sq Mi
$121,492
Median Household Income
$56,690
Median Earnings
$1,810
Median Rent
$664,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Always In Bloom, Inc. — 227 Franklin Rd, Franklin, TN 37064
- Amelia's Flowers — 230 Franklin Rd, Franklin, TN 37064
- Kroger Floral — 595 Hillsboro Rd Ste 305, Franklin, TN 37064
Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased retail property in Franklin's Historic District.
Where is this storefront property located?
The property is located at 117 5th N Ave Franklin, TN.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Fully leased with solid tenants providing immediate income.; Excellent location in the Historic District of downtown Franklin.; Double net leases (taxes and insurance included).
