Property profile

43 PHILLIPS ST Franklin, NC 28734

OFF-MARKET
Retail Stores
Property ID
US53-1804848
2,112 SF 0.04 ac lot Built 1935
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Property summary

AI-generated overview

This commercial property with included building and land was constructed in 1935 and is situated on a corner lot within Franklin City Limits, NC. It has approximately 2,112 square feet of building area and sits on a lot of about 0.04 acres. The main level is configured as a carry-out-only retail space with no seating area, and a separate upper area above the retail level provides space that could be used as an owner’s residence or private quarters. An unfinished basement level is included for storage. The property’s corner placement provides frontage along the surrounding downtown streets, supporting public-facing street presence.

Property profile

Verified
Property type Retail Stores
Year built 1935
Total area 2,112 SF
Lot 0.04 ac (1,742 SF)
APN 6594193754
UPID US53-1804848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop

Location

43 PHILLIPS ST Franklin, NC 28734
Franklin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2026
Last sale
$375,000
3 recorded transactions
2026
$375,000
2023
$339,000
2020
$265,000
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