705 Columbia AveFranklin, TN 37064

Property Details for 705 Columbia Ave

Year built

1960

Lot size

0.44 AC

Property size (Sq ft)

1,708 SF

Property type

Retail properties

Property subtype

Auto shops

APN

094078C H 00500

APU

094078CH00500

Description

This exceptional .44-acre commercial property, located at 705 Columbia Ave in the heart of Downtown Franklin, Tennessee (zip code 37064), presents a unique redevelopment opportunity. Situated on a corner lot at the intersection of Columbia Avenue and Church Street, this prime location offers unparalleled access to Franklin's vibrant 5-Points, Main Street, and Public Square. The property boasts 19,166 square feet and is zoned Central Commercial (CC) with a Columbia Avenue Overlay District 1 (CAO1) designation, allowing for a wide range of potential uses. Building heights of up to 3.5 stories are permitted. All essential public utilities, including sewer, water, electricity, and gas, are readily available on-site. Importantly, this property is not located within a historic overlay district. This legacy property offers developers a chance to create a significant landmark in a thriving downtown area. Detailed zoning information for CC and CAO1 is available through the City of Franklin, TN, Zoning Ordinance (links provided in original listing). This is a truly exceptional opportunity to capitalize on Franklin's dynamic growth and create a lasting legacy.

• CAP approach

  CAP return

  Valuation

  6%

  $433,739

  6.5%

  $400,374

  7%

  $371,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $370,502

  Geo Method

  $370,502

• Alternative Use

  Use

  Valuation

  Residential

  $337,731

  Hospitality

  $309,360

  Educational

  $257,384

  Medical

  $266,235

  Retail

  $400,374

Location Insight

City

Franklin

County

Williamson

State

Tennessee

Latitude

35.9222

Longitude

-86.8717

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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