126 Franklin St Clarksville, TN 37040
- Retail residential properties
- 7,698 SF
- 0.08 lot acres
Current Use by Public Records
- Grumpy's Bail Bonds - Clarksville / Bail Bonds Service
Property Details for 126 Franklin St
- Year built
- 1900
- Lot size
- 0.08 lot acres
- Property size
- 7,698 SF
- Zone code
- CBD
- Property type
- Retail residential properties
- APN
- 066G K 01100 000
- APU
- 066GK01100000
Description
This exceptional Clarksville, TN property at 126 Franklin St. offers a unique blend of retail and residential space, totaling over 9,000 square feet. Previously occupied by Grumpy's Bail Bonds, this two-story building boasts a full basement, adding significant versatility. The ground level features approximately 3,003 square feet of mixed-use retail space, complete with a one-bedroom, two-and-a-half-bathroom residential unit including a wet bar and kitchenette, and a separate reception area. Recent upgrades include a new roof and HVAC system. The second floor offers another approximately 3,003 square feet of residential space, encompassing three bedrooms, a bunk room, two full bathrooms, and massive walk-in closets, accessed via a private entrance. A mechanical room is also located on this floor. The expansive, partially finished basement provides an additional 3,003 square feet of potential. The 0.08-acre lot provides convenient street access on Franklin Street and rear access. An elevator is operational with a permit extending to January 31, 2025. This property presents a rare opportunity for a mixed-use investment in a vibrant downtown location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $370,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $410,000
- Mixed-Use
- $345,000
- Hospitality
- $375,000
- Educational
- $365,000
- Residential Income
- $460,000
- Energy
- $335,000
- Income-Based Land
- $355,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.3591
- Latitude
- 36.5272
- CBSA code
- 17300
- CBSA name
- CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA
