For Sale
$5,250,000

234 Public SqFranklin, TN 37064

Historic Franklin retail, fully renovated.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4,608 square foot, fully renovated commercial property, located on Franklin's historic Public Square, presents a unique investment opportunity. Built in 1892 and extensively renovated in 2022, this Class B building boasts two stories, offering versatile space ideal for various business ventures. The main level currently features a coffee shop and retail space, complemented by a co-working space with multiple conference areas upstairs. The property includes a food prep area convertible to a full commercial kitchen, soaring 12-foot ceilings, original hardwood floors, and a full-size basement. Modern amenities include all-new electrical and plumbing, a new HVAC system with updated ductwork, a fire safety sprinkler system, and four dedicated parking spaces. The property features three main entrances, allowing for easy division if desired. The 0.09-acre lot is zoned commercial. The asking price is $5,250,000, with a 5.15% cap rate. A sale-leaseback option is available, with a five-year lease at $270,000 annually, triple net, and a 3% annual escalation clause. The property is currently vacant. Offers are due October 9th, 2024, by 5:00 PM CST.

Highlights

  • Completely updated electrical system.
  • Brand new plumbing throughout.
  • New HVAC system with all new ductwork.
  • Equipped with a fire sprinkler system.
  • Features a new commercial kitchen on the main floor.
  • Includes four dedicated parking spaces.

Property Details for 234 Public Sq

Property type
Lifestyle centers, Power centers
Square Feet
4,608 SF
Class
B
Year Built/Renovated
1892/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Franklin
County
Williamson
State
Tennessee
Latitude
35.925422344561
Longitude
-86.868896369354
234 Public Sq, Franklin, Tennessee

FAQs

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234 Public Sq
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