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Storefront Mixed-Use Property
New
For Sale
$399,000

1403 SOUTH Street, Franklin, VA 23851

Commercial/Industrial, Franklin, VA

Property Size6,650 SF
Lot Size0.17 Acres
Price / SF$60
Days on Market5

Property Features for 1403 SOUTH Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B1
Subdivision ALL OTHERS AREA 67
Standard status Active
Size 6,650 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Annual Amount 1292

Utilities

Heating system Heat Pump (Heating)
Cooling system Central Air

Amenities

washer/dryer hookup

Building Details

Year built 1952
Listing Agency: Coldwell Banker Premier · Coldwell Banker Real Estate
Listed By: Iris Cauldwell · License #320016
Added: Oct 13 Changed: Oct 16 Last Checked: Oct 17 at 2:06PM
MLS# 10657637

Copyright © 2026 Real Estate Information Network, Inc. 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 mixed-use property in Franklin combines an upstairs apartment with two storefront spaces. The apartment has three bedrooms, a bathroom, living room, den, and kitchen, with washer and dryer hookups downstairs. One storefront is occupied, while the other is vacant. The property has undergone renovation, and new heating and cooling equipment serves the building. Central air and heat pump heating are also specified.

The parcel measures 0.17 acres and is zoned B1. Shopping, restaurants, and Walmart are among the nearby destinations identified for the property.

Key Highlights

  • Upstairs apartment includes 3 bedrooms, a bathroom, living room, den, and kitchen
  • Two storefront spaces; one is occupied and the other is vacant
  • 0.17‑acre parcel zoned B1

Property Analytics

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Current Use

Elegant Expressions by ... Event Planning

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Locksmith Storage Facility (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Lease Details

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

244
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 80% Home Improvements & Furnishings 20%
Blake Ford Shops & Services
1,313 visits/mo 0.4 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
334 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
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?
Mixed-use property - An upstairs three-bedroom apartment accompanies two storefront spaces, with one storefront currently vacant.
Where is this mixed-use property located?
The property is located at 1403 SOUTH Street Franklin, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Upstairs apartment includes 3 bedrooms, a bathroom, living room, den, and kitchen; Two storefront spaces; one is occupied and the other is vacant; 0.17‑acre parcel zoned B1
More about this property
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