115 5Th Ave Franklin, TN 37064
- Office Properties & Spaces
- 1,302 SF
- 0.03 lot acres
Current Use by Public Records
- Ed Underwood - State Farm Insurance Agent / Health Insurance Agency / Home Insurance Agency
- Select Homes/Select Properties / Real Estate Agency
- Select Homes / Real Estate Agent
Property Details for 115 5Th Ave
- Year built
- 1924
- Lot size
- 0.03 lot acres
- Property size
- 1,302 SF
- Property type
- Office Properties & Spaces
- APN
- 094078C B 02800
- APU
- 094078CB02800
Description
This exceptional mixed-use property, located in Franklin's vibrant Historic District at 115 5th Ave N, presents a compelling investment opportunity. The 1,302 square foot building sits on a 0.09-acre lot and boasts a prime location, ensuring consistent tenant demand. The structure is in excellent condition, featuring a recently installed TPO (reflective membrane) roof, demonstrating a commitment to long-term maintenance. Currently fully leased with reliable tenants, this property offers immediate and substantial cash flow. The existing lease agreement extends until November 2029, with a built-in 4% annual rent increase, providing predictable and growing income. Leases are structured as double net (NN), meaning tenants cover property taxes and insurance in addition to base rent, minimizing the owner's operational expenses. Convenient rear entrances accessible from the alley provide efficient access for both tenants and deliveries. The seller is open to exploring owner financing options, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a stable, high-performing asset in one of Franklin's most desirable locations. Don't miss this opportunity to own a piece of Franklin's rich history and thriving commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,290,000
- 6.5%
- $1,310,000
- 7%
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,190,000
- Geo Method
- $1,110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,375,000
- Retail
- $1,180,000
- Mixed-Use
- $1,190,000
- Hospitality
- $1,025,000
- Educational
- $1,225,000
- Residential Income
- $1,020,000
- Energy
- $1,245,000
- Income-Based Land
- $1,275,000
- Food Service
- $1,385,000
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Williamson
- State
- Tennessee
- Longitude
- -86.8722
- Latitude
- 35.9243
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
