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    Pratt Ln Franklin, TN 37064

    Sponsored
    For Sale
    Contact for pricing

    20+ Acres, Prime Franklin Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20.84-acre land parcel presents a remarkable mixed-use development opportunity in the thriving city of Franklin, Tennessee, within the Nashville MSA. Located in Williamson County, the wealthiest county in the state, this property boasts a prime location near Interstate 65 at Exit 61/Peytonsville Road, experiencing high traffic volume with an AADT of 92,588 vehicles. The site has already been annexed into the city of Franklin, simplifying the development process. While the zoning is currently TBD, the property is suitable for a variety of uses, including multi-family residential, Class-A office space, and hotel development, allowing for a flexible and potentially lucrative mixed-use project. An urban wrap design has been proposed, maximizing the potential of this expansive site. The property is offered as a whole or potentially divisible into individual pads, catering to various development scales and investor preferences. The seller is awaiting the purchaser's vision to determine the specific use and subsequent rezoning process. This presents a unique chance to shape a significant development in one of Tennessee's most desirable locations. The APN is 133 018.13. The address is Pratt Ln, Franklin, TN 37064.

    Property Features for 0 Pratt Ln

    General Information

    Property type
    Multifamily properties
    Lot Size
    907,790 SF

    HighLights

    • Franklin city limits location.
    • Williamson County, TN's wealthiest county.
    • I‑65 access at Exit 61 (Peytonsville Road).
    • 25‑acre divisible land parcel.
    • Land for sale.
    • Proposed uses: multifamily, office, hotel, or mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Franklin
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8283604
    Latitude
    35.8378295

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    FAQs

    What type of property is this?
    Multifamily property - 20+ Acres, Prime Franklin Location
    Where is this multifamily property located?
    The property is located at Pratt Ln Franklin, TN.
    What are key features of this property?
    This property features: Franklin city limits location.; Williamson County, TN's wealthiest county.; I-65 access at Exit 61 (Peytonsville Road).
    Request Owner's contact information
    Pratt Ln 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
    Pratt Ln Franklin, TN 37064
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