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    503 N Petway St Franklin, TN 37064

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    For Sale
    $750,000

    Residential property with renovation, restoration, or rebuild potential.

    Lot size:
    0.17 Acres

    Property Features for 503 N Petway St

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres

    Source: ZEITLIN SOTHEBY'S INTERNATIONAL REALTY Agent JESSICA HARRISON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Property in Historic Franklin

    Originally built in 1940, this residential property is zoned residential and is located within walking distance of Main Street in Franklin's historic core. The property offers the potential for renovation, restoration, or rebuilding.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harold Johnson Heat ... Heating Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8851226
    Latitude
    35.9191951

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential property with renovation, restoration, or rebuild potential.
    Where is this residential land & home lot located?
    The property is located at 503 N Petway St Franklin, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Walking distance to Main Street.; - Zoned residential in Franklin's historic core.; - Opportunity to renovate, restore, or rebuild.
    (615) 794-0833
    Request Owner's contact information
    503 N Petway St Franklin, TN 37064
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    Franklin, TN 37064
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 N Petway St Franklin, TN 37064
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