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Industrial Land with City Utilities

8.6acs Councill Drive, Franklin, VA 23851

For Sale
$499,900

Land and Farms, Franklin, VA

Property SizeContact for details
Lot Size8.65 Acres
Days on Market1794

Property Features for 8.6acs Councill 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 8.65 Acres

Taxes and HOA fees

Tax Annual Amount 2435
Listing Agency: CENTURY 21 Gold Market Realty · Century 21 Real Estate
Listed By: Darren Stauffer · License VA #0225043776
Added: Dec 13, 2021 Changed: Oct 2 Last Checked: Nov 10 at 6:06PM
MLS# 10415140

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Investment Insights

Based on property information with market context.

This wooded industrial parcel comprises 8.648 acres and carries M-1 zoning. City utilities are available, and the zoning permits wholesale, retail, and service businesses.

The property fronts on Council Drive, with access via Armory Drive. It is adjacent to Walmart and lies within the Enterprise Zone, which offers economic incentives for new businesses.

Key Highlights

  • 8.648‑acre wooded parcel
  • M‑1 zoning allows wholesale, retail, and service businesses
  • City utilities are available

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

Frequently Asked Questions

What type of property is this?
Industrial land - M-1 zoning and access from Council Drive support a range of commercial business uses.
Where is this industrial land located?
The property is located at 8.6acs Councill Drive Franklin, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 8.648‑acre wooded parcel; M‑1 zoning allows wholesale, retail, and service businesses; City utilities are available
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Includes: Price & PSF · Cap rate · Location · Zoning

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