You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

101 Main St Franklin, VA 23851-1751

5,028 SF 0.06 ac lot Built 1882
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-2063514
Property summary
AI-generated overview

This exceptional commercial property, located at 101 N Main Street in the heart of Franklin, Virginia, presents a fantastic opportunity for a savvy investor. Situated on a 0.05-acre lot, this building offers a turnkey business solution, currently housing a thriving salon/spa that has enjoyed long-term success. The building's prime location in the downtown area ensures high visibility and foot traffic, surrounded by a diverse mix of retail stores, restaurants, and professional services. Its B-2 zoning allows for a wide variety of business uses, providing flexibility for future owners. The property benefits from its proximity to a public parking area across Main Street, making it easily accessible for customers. This strategic location also places the business in the direct path of numerous public events and festivals held throughout the year, guaranteeing consistent exposure to potential clientele. The sale price is $7 million. Please note that the purchase of any existing business equipment or personal property is separate from the real estate transaction. This is a rare chance to acquire a well-established business location in a vibrant and growing downtown area. Don't miss this chance to become part of Franklin's thriving commercial landscape.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1882
Total area 5,028 SF
Lot 0.06 ac (2,526 SF)
Zoning code B2A
APN 107 04821 5
UPID US87-2063514
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Aesthetics By Naomi Hair Salon Nail Salon
  • Burgess & Co PLC CPAs Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Joanna Y Phillips · 1 yrs held
Joanna Y Phillips
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
B2A · Franklin, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 101 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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