103 N Main St Franklin, VA 23851
For Lease
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This exceptional retail storefront, located at 103 N Main Street in the heart of Franklin, VA, presents a unique opportunity for business owners seeking high visibility and strong foot traffic. Situated on a 0.05-acre lot, this property benefits from its central downtown location amongst a diverse mix of thriving retail stores, restaurants, and professional services. The B2 zoning allows for a wide variety of business uses, providing flexibility for potential tenants. A key advantage is its position directly across from a public parking area, ensuring convenient access for customers. This prime location also places your business at the center of numerous public events and festivals held throughout the year, guaranteeing significant exposure to a large and engaged community. The property's strategic placement ensures maximum visibility and accessibility, making it an ideal location for a business seeking to thrive in a vibrant and growing downtown area. The asking price is $8 million. This is a rare opportunity to establish a presence in the bustling commercial center of Franklin, VA. Don't miss out on this chance to become part of a thriving and dynamic business community.
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.