101 Main St Franklin, VA 23851-1751
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.
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Burgess & Co PLC CPAs Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2A · Franklin, VACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.