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Commercial Land with Historic Home
For Sale
$895,000

423 Iotla St, Franklin, NC 28734

A 2.41-acre parcel with existing residential improvements, available utilities, and access from a state-maintained road.

Property Size2,000 SF
Price / SF$447.50
Days on Market219

Property Features for 423 Iotla St

General Information

Standard status Active
Size 2,000 SF
Property subtype Commercial

Building Details

Year Built 1890
Listing Agency: Realty One Group Vibe
Listed By: Kelly Penland 8283708423 · License #276321
Source: Realestateinthemountainsnc
Added: Jan 24 Changed: Aug 28 Last Checked: Aug 30 at 6:05PM

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 Realty One Group Vibe

Investment Insights

Based on property information with market context.

This 2.41-acre property includes a historic two-family residence with a full apartment below, along with a nearby two-car carport. Built in 1890, the home features 11-foot ceilings, original woodwork, heart pine floors, a terrarium sunroom, and a clawfoot tub. A separate 1,100-square-foot workshop adds substantial storage or renovation space.

The parcel is within walking distance of downtown Franklin and fronts a state-maintained road. City water, city sewer, and Toccoa natural gas are available. Current zoning is R-1. The property has been identified for possible townhome, duplex, single-family, or estate development, subject to applicable approvals, and rezoning may support other uses.

Key Highlights

  • 2.41‑acre parcel within walking distance of downtown Franklin
  • Existing 1890 two‑family home with a full apartment below
  • Historic details include 11‑foot ceilings, heart pine floors, original woodwork, and a clawfoot tub

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Florist

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

791
Businesses Nearby

Demographics for 28734, NC

29,284
Population
18,472
Households
1.6
Avg Household Size
49
Median Age
21%
College-Educated
90%
High-School Grad
301.0 sq mi
ZIP Area
97
Density / Sq Mi
$50,221
Median Household Income
$35,913
Median Earnings
$779
Median Rent
$203,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - A 2.41-acre parcel with existing residential improvements, available utilities, and access from a state-maintained road.
Where is this commercial land located?
The property is located at 423 Iotla St Franklin, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2.41‑acre parcel within walking distance of downtown Franklin; Existing 1890 two‑family home with a full apartment below; Historic details include 11‑foot ceilings, heart pine floors, original woodwork, and a clawfoot tub
More about this property
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