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Property profile & analytics
FOR LEASE
Commercial real estate

103 N Main St Franklin, VA 23851

3,200 SF 0.05 ac lot Built 1882
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-1399467
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1882
Total area 3,200 SF
Lot 0.05 ac (2,309 SF)
Zoning code B2A
APN 107 04821 5B
UPID US87-1399467
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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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
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