117 5Th Ave N Franklin, TN 37064
Property profile & analytics
117 5Th Ave N Franklin, TN 37064
- Retail space
- 3,625 SF
- 0.06 lot acres
Property ID
US80-1489838
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Native Matter / Clothing & Fashion Store
- Hop House Tennessee Taps / Bar & Pub
- Mt Xia Inc. - AIX Contract Consulting / Business Management Consultant / Computer Consultant
- Shannon Hazelton / Hair Salon
Property Details for 117 5Th Ave N
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 3,625 SF
- Property type
- Retail space
- APN
- 094078C B 02700
- APU
- 094078CB02700
Description
This exceptional mixed-use property, located in Franklin's vibrant Historic District at 117 5th Ave N, offers a compelling investment opportunity. The 3,625 square foot building sits on a 0.09-acre lot and boasts a prime location, ensuring high visibility and accessibility. The structure is in excellent condition, with recent upgrades including a TPO (reflective membrane) roof, demonstrating a commitment to long-term maintenance. Currently fully leased to solid tenants, this property provides immediate and consistent cash flow. The leases are double net, meaning tenants cover taxes and insurance in addition to base rent, minimizing owner expenses. Lease terms are favorable, with one lease expiring in April 2025 and the other in August 2029, both featuring a 4% annual rent increase. Convenient rear entrances from the alley provide easy access for tenants and deliveries. The property's strong tenant base, coupled with the desirable location and excellent condition, makes this an attractive investment. Furthermore, the possibility of owner financing is available, making this opportunity even more accessible. This is a rare chance to acquire a well-maintained, income-producing property in the heart of Franklin's historic district.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Williamson
- State
- Tennessee
- Longitude
- -86.8722
- Latitude
- 35.9244
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,761
$270,000
$88,720
$358,720
-
$675,000
$221,800
$896,800
