Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1240 Armory Dr Franklin, VA 23851

    Sponsored
    For Sale
    Contact for pricing

    1.17-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.17-acre commercial land parcel presents a prime opportunity for development in the thriving city of Franklin, Virginia. Located at 1240 Armory Drive, this property boasts excellent visibility and accessibility, situated directly on a major thoroughfare experiencing high daily traffic volume. The lot size offers ample space for a variety of commercial ventures, making it an ideal location for businesses seeking high exposure and convenient access for customers. With an estimated 12,000 vehicles traversing Armory Drive daily, this site guarantees significant foot traffic and brand visibility. The property's location within Franklin, VA, provides access to a robust local economy and a growing population base. This is a rare opportunity to acquire a strategically positioned commercial land parcel in a desirable location with exceptional potential for return on investment. The property is zoned for commercial use (zoning information should be independently verified). Detailed site plans and surveys are available upon request. This prime location offers unparalleled potential for businesses seeking a high-traffic, easily accessible location in a growing community. Don't miss this chance to secure a valuable asset in a dynamic market. Serious inquiries only.

    Property Features for 1240 Armory Dr

    General Information

    Property type
    Land
    Lot Size
    50,965 SF

    HighLights

    • 1.7‑acre development parcel available on Armory Drive.
    • Armory Drive boasts 12,000 cars per day in traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    KeyMe Locksmiths Key Duplication Service Primo Water Exchange Bottled Water Supplier Lowe's Home Improvement Home Improvement Store Lowe's Garden Center Garden Center Lowe's ProServices Building Materials Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Franklin
    State
    Virginia
    Longitude
    -76.9445595
    Latitude
    36.6714688

    Nearby Comparable

    • Contact for pricing

      1.17 Acre Pad Site

      1.17 acre pad site available on Armory Drive.
      1240 Armory Dr, Franklin, VA 23851
      View Details
    • $770,000
      16.75 Acres

      Prime Commercial Land Opportunity

      16.75 acres of B-2 zoned land in Franklin, VA.
      1101 Armory Dr, Franklin, VA 23851
      View Details
    • $295,000
      3.00 Acres

      Prime Commercial Land in Franklin

      3-acre commercial land parcel with high visibility and utilities.
      4 N College Dr, Franklin, VA 23851
      View Details
    • $890,000
      12,543 SF

      Franklin Warehouse For Sale

      12,543 SF warehouse/industrial property in Franklin, VA.
      141 Commerce Park Rd, Franklin, VA 23851
      View Details
    • Contact for pricing
      1.20 Acres

      Franklin Business Opportunity

      Spacious Unit, Ample Parking, Great Location
      175 Commerce Park Rd, Franklin, VA 23851
      View Details
    • $175,000
      1,554 SF

      Franklin Duplex: Investment Opportunity

      Duplex with tenant-occupied and vacant units, great investment potential.
      205 Cobb St, Franklin, VA 23851
      View Details
    • $650,000
      1,824 SF

      Huddle House Restaurant For Sale

      Huddle House restaurant with 10-year lease in place.
      1547 Armory Dr, Franklin, VA 23851
      View Details
    • $799,900
      9,821 SF

      Historical Building in Franklin, VA

      Distinctive historical building suitable for commercial, institutional, or community uses.
      101 N High St, Franklin, VA 23851
      View Details
    • Contact for pricing
      0.05 Acres

      Downtown Franklin Retail Space

      Prime Franklin location, high foot traffic
      103 Main St, Franklin, VA 23851
      View Details
    • $1,180,000
      59.66 Acres

      Development Opportunity in Isle of Wight

      Two parcels totaling 59.66 acres available for development.
      59 Ac Carrsville Hwy, Franklin, VA 23851
      View Details
    • $169,000
      0.99 Acres

      Commercial Land in Franklin, VA

      Prime commercial land in the heart of Franklin, zoned B3.
      99ac Bailey & Stewart Dr, Franklin, VA 23851
      View Details
    • $499,900
      8.65 Acres

      Franklin Commercial Land Opportunity

      8.65 acre commercial land parcel in Franklin, Virginia.
      8.6Acs Councill Dr, Franklin, VA 23851
      View Details

    Nearby Similar for Sale

    • $799,900
      9,821 SF

      Historical Building in Franklin, VA

      Distinctive historical building suitable for commercial, institutional, or community uses.
      101 N High St, Franklin, VA 23851
      View Details
    • $1,400,000
      98,280 SF

      Franklin VA Redevelopment Opportunity

      Almost 100,000 SF on 11 acres near Hwy 58.
      1333 Carrsville Hwy, Franklin, VA 23851
      View Details
    • $1,741,837
      3,336 SF

      Hardee's NNN Investment Opportunity

      NNN leased Hardee's with franchisee guarantee and percentage rent.
      105 N Mechanic St, Franklin, VA 23851
      View Details
    • $650,000
      1,824 SF

      Huddle House Restaurant For Sale

      Huddle House restaurant with 10-year lease in place.
      1547 Armory Dr, Franklin, VA 23851
      View Details
    • $175,000
      1,554 SF

      Franklin Duplex: Investment Opportunity

      Duplex with tenant-occupied and vacant units, great investment potential.
      205 Cobb St, Franklin, VA 23851
      View Details
    • $385,000
      5,600 SF

      Office Space with Wood Accents

      Office space featuring wood floors, trim, and conference room.
      33322 N Lynn Rd, Franklin, VA 23851
      View Details
    • $890,000
      12,543 SF

      Franklin Warehouse For Sale

      12,543 SF warehouse/industrial property in Franklin, VA.
      141 Commerce Park Rd, Franklin, VA 23851
      View Details
    • Contact for pricing
      1.20 Acres

      Franklin Business Opportunity

      Spacious Unit, Ample Parking, Great Location
      175 Commerce Park Rd, Franklin, VA 23851
      View Details
    • Contact for pricing
      0.05 Acres

      Downtown Franklin Retail Space

      Prime Franklin location, high foot traffic
      103 Main St, Franklin, VA 23851
      View Details
    • $1,741,837
      3,336 SF

      Franklin, VA Hardee's NNN Lease

      High-return Hardee's franchise investment.
      105 Mechanic St, Franklin, VA 23851
      View Details

    FAQs

    What type of property is this?
    Land - 1.17-Acre Commercial Lot, High Traffic
    Where is this land located?
    The property is located at 1240 Armory Dr Franklin, VA.
    What are key features of this property?
    This property features: 1.7-acre development parcel available on Armory Drive.; Armory Drive boasts 12,000 cars per day in traffic count.;
    Request Owner's contact information
    1240 Armory Dr Franklin, VA 23851
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1240 Armory Dr
    Franklin, VA 23851
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1240 Armory Dr Franklin, VA 23851
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.