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    231 College St Franklin, KY 42134

    For Sale
    $384,900

    Prime Franklin location, 10,018 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,018 square foot lot, located at 231 S College Street in Franklin, Kentucky, presents a unique investment opportunity. Situated just one block west of Main Street and two blocks from downtown Franklin, this property offers unparalleled convenience and accessibility. Its proximity to Franklin-Simpson Middle and High School campuses adds to its versatility. The zoning allows for a variety of uses, making it ideal for developers or entrepreneurs seeking a flexible space. The property is designated as "Special Purpose" and is currently vacant land, offering a blank canvas for creative vision. With a 0 square foot building footprint, the possibilities are endless. The asking price is $384,900. This prime location in a thriving Kentucky community provides exceptional potential for a wide range of commercial ventures, including but not limited to residential development, commercial establishments, or even a bed and breakfast. The lot's size and location make it an attractive proposition for those seeking a high-impact investment in a desirable area. The address is easily accessible and highly visible, ensuring strong potential for any future development. Serious inquiries are encouraged. The property is located in Simpson County, Kentucky, zip code 42134.

    Property Features for 231 College St

    General Information

    Property type
    Land

    HighLights

    • $384,900 asking price.
    • 10,018 square foot lot.
    • Located at 231 S College Street, Franklin, KY 42134.
    • Special purpose land, suitable for various uses including residential, commercial, or bed and breakfast.
    • One block west of Main Street, two blocks from downtown Franklin, and one block from Franklin‑Simpson Middle and High Schools.
    Property Profile Location Intelligence

    Current Use by Public Records

    OHP Work Care Walk-In Clinic Simpson County Literacy ... Non-Profit Organization Square to Square Ride Shinto Shrine

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.5795672
    Latitude
    36.7190825

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    FAQs

    What type of property is this?
    Land - Prime Franklin location, 10,018 sq ft lot.
    Where is this land located?
    The property is located at 231 College St Franklin, KY.
    What is the asking price?
    The asking price for this property is $384,900.
    What are key features of this property?
    This property features: $384,900 asking price.; 10,018 square foot lot.; Located at 231 S College Street, Franklin, KY 42134.
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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
    231 College St Franklin, KY 42134
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