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    Sugar Grove, WV Monterey, VA Milam, WV
    Franklin WV Redevelopment Opportunity
    Updated: Jan 27
    Franklin WV Redevelopment Opportunity

    81 Evick Drive, Franklin, WV 26807

    $529,000
    44,962 sqft · 5.00 AC lot
    44,962 SF property on over 5 acres, offering substantial space for redevelopment.
    Located in the heart of historic Franklin, WV, a charming town with strong growth potential.
    Currently configured with 28 classrooms, providing a versatile layout for various uses.
    Ideal for diverse development options: senior care, medical offices, retail, education, residential, warehouse, motel, mixed‑use, or subsidized housing.
    Ample parking and easy accessibility for customers, residents, or staff.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Franklin, WV, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Retail Center Near Amazon
    Renovated Retail Center Near Amazon

    2604 West Main Street, Waynesboro, VA 22980

    Contact for pricing
    51,269 sqft

    Retail spaces available in a renovated center with high traffic.

    View details
    Downtown Harrisonburg Shopping Center
    Downtown Harrisonburg Shopping Center

    580 N Mason St, Harrisonburg, VA

    $4,995,000
    85,779 sqft · 6.91 AC lot

    Roses-anchored shopping center in Downtown Harrisonburg for sale.

    View details
    Downtown Harrisonburg Shopping Center
    Downtown Harrisonburg Shopping Center

    580 N Mason St, Harrisonburg, VA 22802

    $4,995,000
    85,779 sqft · 8.08 AC lot

    Leased shopping center in Downtown Harrisonburg with ample parking.

    View details
    Retail Center Near Walmart Entrance
    Retail Center Near Walmart Entrance

    109 Lucy Ln, Waynesboro, VA 22980

    Contact for pricing
    4,000 sqft

    Retail spaces available in established shopping center near Walmart.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Land with Road Frontage
    Commercial Development Land with Road Frontage

    55 BAXTER DR, Harrisonburg, VA 22801

    $2,990,000
    6.01 AC lot

    6.01-acre B-2 site with frontage on three sides and easy access to S Main and I-81 for flexible commercial development.

    View details
    Business General Zoned Development Land
    Business General Zoned Development Land

    STONE SPRING RD lot: 1, Harrisonburg, VA 22801

    $805,000
    1.04 AC lot

    Business General zoned land within Stone Port, positioned along major Harrisonburg commercial corridors for flexible retail and service development.

    View details
    Commercial Land with Corner Restaurant Site
    Commercial Land with Corner Restaurant Site

    726 MARKET ST, Harrisonburg, VA 22801

    $1,895,000
    1,134 sqft · 5.44 AC lot

    B-2 general business lot with a former pizza building and public utilities available along the frontage for commercial use.

    View details
    Prime Commercial Land in Elkins
    Prime Commercial Land in Elkins

    Plantation Drive, Elkins, WV 26241

    $2,000,000
    8.33 AC lot

    8.33 acres of commercial land adjacent to Hampton Inn.

    View details

    Franklin, WV Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Franklin, WV on our real estate platform. These investment opportunities span a total of 44,962 square feet of properties for sale, with an estimated market value of $529,000.

    Sale prices for plazas in Franklin, WV start at $529,000, averaging $529,000, and reaching up to $529,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 1

    Demographics Overview

    Population 2,361
    Population Growth (5Y) -9.0%
    Median Household Income $65,096
    College Educated 31.4%

    High-Yield Neighborhoods for Investment

    Identify Franklin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    26807 $529K

    Taxes & Financing

    Tax Rate (average for all types) 1.58%
    Property Tax per SF $19.82 per SF
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

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