234 Public Sq
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234 Public Sq
4,608 SF Office Building Franklin, TN 37064 $5,250,000 ($1,139/SF) 5.15% Cap Rate
Investment Highlights
- Prime Location on the Historic Downtown Franklin Square
- All New Plumbing & Electrical Throughout
- 4 Dedicated Parking Spaces
Executive Summary
Call for offers, October 9th, 2024 by 5:00pm CST. Seller pricing guidance starts at $5.25M with 5 year leaseback of the entire property for $270,000 annual triple net with 3% annual escalators.
This ±4608 SF fully renovated commercial property offers a unique setup with a coffee shop and retail space downstairs, complemented by a co-working space and multiple office areas upstairs. The building features soaring 12ft ceilings, a kitchen, and a full-size basement, making it a versatile space for various business ventures. With 2 bathrooms, 4 dedicated parking spaces, and a prime location on the historic Franklin square, this property is an exceptional opportunity for entrepreneurs or investors alike. This historic building has 3 main entrance points on the front making it easy to divide the building out if so desired. Note, this listing is for the building only. The businesses are independent.
This ±4608 SF fully renovated commercial property offers a unique setup with a coffee shop and retail space downstairs, complemented by a co-working space and multiple office areas upstairs. The building features soaring 12ft ceilings, a kitchen, and a full-size basement, making it a versatile space for various business ventures. With 2 bathrooms, 4 dedicated parking spaces, and a prime location on the historic Franklin square, this property is an exceptional opportunity for entrepreneurs or investors alike. This historic building has 3 main entrance points on the front making it easy to divide the building out if so desired. Note, this listing is for the building only. The businesses are independent.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
4,608 SF
Building Class
B
Year Built/Renovated
1892/2019
Price
$5,250,000
Price Per SF
$1,139
Cap Rate
5.15%
NOI
$270,375
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,304 SF
Building FAR
1.76
Lot Size
0.06 AC
Zoning
Commercial
Parking
4 Spaces (0.87 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Wheelchair Accessible
- Kitchen
- Basement
- High Ceilings
- Hardwood Floors
- Air Conditioning
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 078C-N-007.00 | Improvements Assessment | $206,440 |
| Land Assessment | $900,000 | Total Assessment | $1,106,440 |
PROPERTY TAXES
Parcel Number
078C-N-007.00
Land Assessment
$900,000
Improvements Assessment
$206,440
Total Assessment
$1,106,440
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234 Public Sq
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