507 New Hwy 96 WestFranklin, TN 37064
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Discover a rare investment opportunity at 507 New Highway 96 West in Franklin, TN, a prime commercial property offering exceptional potential in one of the area’s most sought-after locations. Listed at $5,700,000, this multi-level building spans 8,445 square feet on a 2.67-acre lot, perfectly positioned for immediate income and future growth. Currently leased by the City of Franklin for its Fire Department Administration and inspection teams, the property guarantees stable revenue through June 30, 2027, with annual lease payments starting at $252,720 and totaling $620,048.50 over the lease term. The tenant handles utilities and landscaping, ensuring minimal owner responsibilities. Situated on a major thoroughfare with daily traffic of nearly 15,000 vehicles (as of April 2024), this property boasts exceptional visibility and proximity to Downtown Franklin and key intersections, making it ideal for businesses seeking convenience and exposure. Once the lease concludes, the building offers remarkable flexibility for owner occupancy, leasing to new tenants, or utilizing one floor while renting out the other. Its Civic Institutional zoning supports diverse uses such as medical offices, civic purposes, or professional spaces. Built in 1984 and meticulously maintained, the property features a shared parking lot with 44 spaces (including handicap-accessible spots), furnished office spaces with desks and chairs, a conference room equipped with audio/visual technology, LED lighting installed in 2015, and multiple HVAC systems for optimal comfort. Originally constructed as the administrative headquarters for the Franklin Special School District, this property has a storied past and is ready for its next chapter in Franklin’s thriving market. Don’t miss this rare opportunity to own a highly desirable asset—contact us today to learn more or schedule a private tour!
| a month ago | Listing first seen on site | |
| a month ago | Listing updated with changes from the MLS® |
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