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

    112 Council Dr Franklin, VA 23851

    Sponsored
    For Lease
    Contact for pricing

    Virginia Shopping Center - Spaces Available

    Lot size:
    197,572 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Franklin Commons, located at 112 Council Dr, Franklin, VA 23851, presents a prime retail opportunity in Franklin County. This multi-tenant shopping center offers a total of 197,572 square feet of retail space, with 6 spaces currently available for lease. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 4,000 square feet, providing flexibility for various business needs. A significant 14,592 square feet is currently vacant, presenting a unique chance to establish a presence in this established center. The property's strategic location in Franklin, Virginia, offers excellent visibility and accessibility for customers. The property is classified as a shopping center and is ideal for businesses seeking a well-established location within a thriving community. The address is easily accessible and benefits from ample parking. This is an exceptional opportunity for businesses seeking a versatile and well-positioned retail space in a high-traffic area. The available space allows for customization to suit individual tenant requirements, making it an attractive option for a variety of retail concepts. Interested parties are encouraged to inquire about lease terms and availability. The property is situated in Franklin County, Virginia, providing access to a strong local market.

    Property Features for 112 Council Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    197,572 SF

    Unit(s) available at that property

    Space
    Suite 140
    Size
    3,200 SF
    Space
    Suite 148
    Size
    1,600 SF
    Space
    Suite 132
    Size
    1,600 SF
    Space
    Size
    1,600 SF
    Space
    Suite 124
    Size
    2,000 SF
    Space
    Suite 144
    Size
    1,600 SF

    HighLights

    • Available spaces range from 1,200 to 4,000 square feet.
    • 197,572 square feet shopping center.
    • Negotiable rent.
    • Strong tenant mix including Super Walmart, Cato, Shoe Show, Hibbett Sporting Goods, and Cricket Wireless.
    Property Profile Location Intelligence

    Current Use by Public Records

    Verizon Cell Phone Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Franklin
    State
    Virginia
    Longitude
    -76.9562494
    Latitude
    36.6693039

    Nearby Comparable

    • $1.00 SF/Yr
      2,063 SF

      Spacious Unit in Franklin, VA

      Commercial/Industrial space with open layout, offices, and storage.
      175 Commerce Park Rd, Franklin, VA 23851
      View Details
    • $7 SF/Yr
      138,800 SF

      Franklin, VA Industrial Facility

      138,800 SF Manufacturing/Distribution Space
      221 Progress Pkwy, Franklin, VA 23851
      View Details
    • $12 SF/Yr
      3,440 SF

      Downtown Franklin Versatile Office Building

      Versatile office building in downtown Franklin with flexible space options.
      223 N Main St, Franklin, VA 23851
      View Details
    • $7 SF/Yr
      1,600 SF

      Downtown Franklin Retail Storefront Opportunity

      Retail storefront in vibrant downtown Franklin, near parking and events.
      103 N Main St, Franklin, VA 23851
      View Details
    • Contact for pricing
      352,000 SF

      New Construction Industrial Space

      New industrial space with incentives and port access.
      12375 William A. Gwaltney Way, Windsor, VA
      View Details
    • Contact for pricing
      1,272,720 SF

      Tidewater Logistics Center: Premier Warehouse Space

      Massive Warehouse Space, Multiple Tenants Available
      13009 Windsor Blvd, Windsor, VA 23487
      View Details
    • Contact for pricing
      342,640 SF

      Suffolk Warehouse with Trailer Parking

      342,640 SF warehouse with heavy trailer parking available for lease.
      301 Kenyon Rd, Suffolk, VA 23434
      View Details
    • Contact for pricing
      290,009 SF

      Suffolk Warehouse with Trailer Parking

      290,009 sq ft warehouse with heavy trailer parking.
      351 Kenyon Rd, Suffolk, VA 23434
      View Details
    • $16 SF/Yr
      4,367 SF

      Professional Office Space Available

      Second-generation office space available for immediate lease.
      1514 Holland Rd, Suffolk, VA 23434
      View Details
    • $15 SF/Yr
      2,283 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease on Holland Road.
      1244-1258 Holland Rd, Suffolk, VA 23434
      View Details
    • $15 SF/Yr
      1,000 SF

      Retail Space on Holland Road

      Retail space for rent with easy access to major routes.
      1238 Holland Rd, Suffolk, VA 23434
      View Details
    • $15 SF/Yr
      9,388 SF

      Retail Space on Holland Road

      Retail space available with easy access to major routes.
      1240-1242 Holland Rd, Suffolk, VA 23434
      View Details

    Nearby Similar for Lease

    • $12 SF/Yr
      3,440 SF

      Downtown Franklin Versatile Office Building

      Versatile office building in downtown Franklin with flexible space options.
      223 N Main St, Franklin, VA 23851
      View Details
    • $1.00 SF/Yr
      2,063 SF

      Spacious Unit in Franklin, VA

      Commercial/Industrial space with open layout, offices, and storage.
      175 Commerce Park Rd, Franklin, VA 23851
      View Details
    • $7 SF/Yr
      1,600 SF

      Downtown Franklin Retail Storefront Opportunity

      Retail storefront in vibrant downtown Franklin, near parking and events.
      103 N Main St, Franklin, VA 23851
      View Details
    • $7 SF/Yr
      138,800 SF

      Franklin, VA Industrial Facility

      138,800 SF Manufacturing/Distribution Space
      221 Progress Pkwy, Franklin, VA 23851
      View Details

    FAQs

    What type of property is this?
    Retail property - Virginia Shopping Center - Spaces Available
    Where is this retail property located?
    The property is located at 112 Council Dr Franklin, VA.
    What are key features of this property?
    This property features: Available spaces range from 1,200 to 4,000 square feet.; 197,572 square feet shopping center.; Negotiable rent.
    Request Owner's contact information
    112 Council 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.
    112 Council 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
    112 Council 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.