In-Town Development Land With
For Sale
$895,000
423 Iotla Street, Franklin, NC 28734
COMMERCIAL - Franklin, NC
Property Size2,000 SF
Lot Size2.41 Acres
Price / SF$447.50
Days on Market40
Property Features for 423 Iotla Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street
Vegetation
Partially Wooded
Lot features
City, 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
Size
2,000 SF
Lot size
2.41 Acres
Taxes and HOA fees
Tax Annual Amount
1572
Utilities
Utilities
Water Available
Building Details
Year built
1890
Floors in Building
1
Flooring type
Tile - Ceramic, Hardwood, Vinyl
Roof type
Shingle
Listing Agency:
Realty One Group Vibe
(828) 370-8423
Listed By:
Kelly Penland · License #276321
(828) 421-7705
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 24 at 11:06AM
MLS# 26046538
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 gentle parcel at 423 Iotla Street includes an existing historic two-family home with a full apartment below, plus a nearby 2-car carport and a 1,100-square-foot workshop. The home features large rooms, soaring 11-foot ceilings, historic woodworking details, heart of pine flooring, a terrarium sunroom, and a clawfoot tub. City water and sewer and Toccoa natural gas are available. The workshop could be renovated for additional living space, a storefront, or workshop/storage use.
The property is off a state-maintained road and is described as being within walking distance to downtown Franklin. It is currently zoned R-1, which supports multiple housing configurations on the site, subject to applicable development requirements.
For buyers and developers, the combination of an in-town residential parcel, available utilities, and existing improvements offers a practical base for planning a mix of housing options, including single-family homesites and multi-family concepts that align with the R-1 zoning framework. The property also presents an option to retain and restore the existing two-family home, should a buyer prefer a live-and-build approach while evaluating residential development paths and any potential rezoning opportunities.
The property is off a state-maintained road and is described as being within walking distance to downtown Franklin. It is currently zoned R-1, which supports multiple housing configurations on the site, subject to applicable development requirements.
For buyers and developers, the combination of an in-town residential parcel, available utilities, and existing improvements offers a practical base for planning a mix of housing options, including single-family homesites and multi-family concepts that align with the R-1 zoning framework. The property also presents an option to retain and restore the existing two-family home, should a buyer prefer a live-and-build approach while evaluating residential development paths and any potential rezoning opportunities.
Key Highlights
- 2.41‑acre parcel in downtown Franklin, NC, located on Iotla Street near walking distance to downtown
- City water and sewer plus Toccoa natural gas available; parcel is off a state‑maintained road
- Currently zoned R‑1 with multiple options for multi‑family and single‑family homesites; rezoning possible
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
2
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 2.41-acre parcel with city water, sewer, and natural gas available for flexible in-town housing development.
Where is this residential land & home lot 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: 2.41‑acre parcel in downtown Franklin, NC, located on Iotla Street near walking distance to downtown; City water and sewer plus Toccoa natural gas available; parcel is off a state‑maintained road; Currently zoned R‑1 with multiple options for multi‑family and single‑family homesites; rezoning possible
