Prime Downtown Development Opportunity

423 Iotla Street Franklin, NC 28734

Claim this Listing
For Sale
$895,000

LAND - Franklin, NC

Lot size:
2.41 Acres
Added:
Jun 14, 2026
Days on Market:
27
Last Refresh:
Jul 10 at 11:06 am

Property Features for 423 Iotla Street

General Information

Property type
Land
Property subtype
Other
Vegetation
Partially Wooded
Standard status
Active
APN
6595027125
Lot size
2.41 Acres

Taxes and HOA fees

Tax Annual Amount
1572

Utilities

Utilities
Water Available

Building Details

Additional Structures
Workshop

Listing agent Kelly Penland License #276321

Listing office Realty One Group Vibe 52 Iotla Street, Franklin, NC

Listing date Jun 14, 2026

MLS# 26046539 Listing URL

Copyright © 2026 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This 2.41-acre property presents a commercial opportunity in downtown Franklin, NC. Located within walking distance of downtown, the gentle parcel is positioned for development. City water, sewer, and Toccoa natural gas are available, and the parcel is off a state-maintained road. Zoned R-1, the site allows for multi-family and single-family homesites. Potential development options include townhomes with a courtyard and dog park, duplex homes with single-level living, or single-family homes or lots. Rezoning for other opportunities is also possible. The property includes a historic two-family home with a full apartment below, featuring large rooms with 11-foot ceilings, historic woodworking details, heart of pine flooring, a terrarium sunroom, and a clawfoot tub. A two-car carport is located nearby. Additionally, there is a 1,100 square foot workshop that could be renovated into another home, storefront, or workshop/storage space. The property is located on Iotla Street.

Key Highlights

  • Prime downtown location in Franklin, NC, within walking distance to amenities
  • Large 2.41‑acre parcel suitable for development
  • City water, sewer, and Toccoa natural gas available

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Florist (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - 2.41-acre parcel near downtown Franklin, NC, with development potential.
Where is this duplex located?
The property is located at 423 Iotla Street 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: Prime downtown location in Franklin, NC, within walking distance to amenities; Large 2.41‑acre parcel suitable for development; City water, sewer, and Toccoa natural gas available
Contact an agent
More about this property
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