Prime Downtown Development
For Sale
$895,000
423 Iotla Street, Franklin, NC 28734
LAND - Franklin, NC
Property SizeContact for details
Lot Size2.41 Acres
Days on Market72
Property Features for 423 Iotla Street
General Information
Property type
Land
Property subtype
Other
Vegetation
Partially Wooded
Lot features
City Lot
Elementary school
East Franklin
Middle school
Macon Middle
High school
Franklin
Directions
From Franklin take Main Street to the corner of Iotla, head north and property is on the right. Or take the Depot Extension to left on Iotla Street, property is on the left. Starts near the corner of Sanctuary Village and ends near the corner of White Oak Circle.
Subdivision
Franklin
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 Agency:
Realty One Group Vibe
(828) 370-8423
Listed By:
Kelly Penland · License #276321
(828) 421-7705
Added: Jun 14
Last Checked: Aug 24 at 9:06PM
MLS# 26046539
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
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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
