236 2Nd Ave Franklin, TN 37064
- Retail space
- 9,211 SF
- 0.67 lot acres
Current Use by Public Records
- Retail space
Property Details for 236 2Nd Ave
- Year built
- 1820
- Lot size
- 0.67 lot acres
- Property size
- 9,211 SF
- Property type
- Retail space
- APN
- 094078C F 04300
- APU
- 094078CF04300
Description
This exceptional mixed-use property, located at 236 2nd Ave S in the heart of downtown Franklin, Tennessee, presents a unique investment opportunity. Boasting 10,064 square feet of versatile space, this building is ideally situated just two blocks from the historic Franklin square, capturing the charm and character of this vibrant city. The property sits on a 0.67-acre lot and offers a multitude of potential uses, including but not limited to offices, showrooms, private clubs, co-working spaces, conference centers, or training facilities. The expansive interior features spacious rooms and adaptable layouts, allowing for creative customization to suit a wide range of business needs. Convenience is a key feature, with ample parking provided for 8-10 vehicles, ensuring easy access for clients and employees. Priced at $5,950,000, this property represents a rare chance to acquire a significant piece of Franklin's rich history and promising future. The building's prime location and substantial square footage make it an attractive prospect for investors seeking a high-impact commercial venture in a thriving downtown setting. Don't miss this opportunity to own a piece of Franklin's legacy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,470,000
- 6.5%
- $2,100,000
- 7%
- $2,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,500,000
- Geo Method
- $2,090,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,775,000
- Retail
- $2,090,000
- Mixed-Use
- $2,050,000
- Hospitality
- $2,525,000
- Educational
- $2,235,000
- Residential Income
- $2,430,000
- Energy
- $2,480,000
- Income-Based Land
- $2,365,000
- Food Service
- $2,390,000
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Williamson
- State
- Tennessee
- Longitude
- -86.8662
- Latitude
- 35.9232
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
