In-Town Development Land With
423 Iotla Street Franklin, NC 28734
New
423 Iotla Street, Franklin, NC, 28734
$895,000
For Sale
$895,000
COMMERCIAL - Franklin, NC
Property Size2,000 SF
Lot Size2.41 Acres
Price / SF$447.50
Days on Market7
Property Features for 423 Iotla Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Off Street
- Vegetation
- Partially Wooded
- 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
- Hardwood, Vinyl, Tile - Ceramic
- Roof type
- Shingle
Listing agency
Realty One Group Vibe
(828) 370-8423
Listed by
Kelly Penland · License #276321
(828) 421-7705
Added: Jul 16 Checked: Jul 22 at 2:06AM
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
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
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
