234 Public SqFranklin, TN 37064

Property Details for 234 Public Sq

Year built

1892

Lot size

0.09 AC

Property size (Sq ft)

4,608 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Franklin

County

Claiborne

State

Tennessee

Latitude

35.9254

Longitude

-86.8689

FAQs

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