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M-1 Industrial Land
For Sale
$599,900

9.2acs Armory Drive, Franklin, VA 23851

Land and Farms, Franklin, VA

Property SizeContact for details
Lot Size9.21 Acres
Days on Market1767

Property Features for 9.2acs Armory Drive

General Information

Property type Land
Property subtype Other
Zoning M-1
Subdivision ALL OTHERS AREA 67
Elementary school S.P. Morton Elementary
Middle school Joseph P. King Jr. Middle
Standard status Active
Lot size 9.21 Acres

Taxes and HOA fees

Tax Annual Amount 1572
Listing Agency: CENTURY 21 Gold Market Realty · Century 21 Real Estate
Listed By: Darren Stauffer · License #VA0225043776
Added: Dec 13, 2021 Changed: Oct 2 Last Checked: Oct 15 at 7:06AM
MLS# 10415176

Copyright © 2026 Real Estate Information Network, Inc. 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 9.21-acre industrial land parcel is zoned M-1 and is located within Franklin’s Enterprise Zone. City services are available to support future development.

The property fronts US 58 near its interchange with Armory Drive. Access is provided by a 60-foot easement from Armory Drive. Nearby uses include hotels, retail, and dining.

Key Highlights

  • 9.21‑acre industrial land parcel
  • M‑1 zoning within Franklin’s Enterprise Zone
  • Frontage on US 58 near the Armory Drive interchange

Property Analytics

Current Use

Industrial land

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 23851, VA

13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - City services are available, with access provided by an easement from Armory Drive.
Where is this industrial land located?
The property is located at 9.2acs Armory Drive Franklin, VA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 9.21‑acre industrial land parcel; M‑1 zoning within Franklin’s Enterprise Zone; Frontage on US 58 near the Armory Drive interchange
More about this property
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