520 Main StFranklin, KY 42134

  • Retail properties
  • 7,260 SF
For Lease

Property Details for 520 Main St

Year built
2008
Construction
STEEL FRAME
Lot size
1.28 AC
Property size (Sq ft)
7,260 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
009-00-48-001.00
APU
9004800100

Description

This exceptional 7,196 square foot retail property, located at 520 N Main St, Franklin, KY 42134, presents a prime leasing opportunity. The building features a versatile layout suitable for multiple tenants, currently offering 4,196 square feet of vacant space in a free-standing building or strip center configuration. The property sits on a 1.28-acre lot and boasts 39 total parking spaces, ensuring ample convenience for customers and employees. Its prominent location on Main Street, with a cross street of Roosevelt St, provides excellent visibility and accessibility. Large windows and a well-maintained exterior create an inviting storefront, while the interior space offers a blank canvas for customization. This high-traffic location in the thriving Franklin community offers unparalleled potential for businesses seeking a strong presence in a desirable area. The property's strategic placement ensures high visibility and easy access for potential customers, making it an ideal choice for businesses aiming to establish a lasting presence and capture significant market share. This is a rare opportunity to secure a well-positioned retail space in a vibrant Kentucky community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,843,645
    6.5%
    $1,701,826
    7%
    $1,580,267
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,574,851
    Geo Method
    $1,574,851
  • Alternative Use

    Use
    Valuation
    Residential
    $1,435,554
    Hospitality
    $1,314,960
    Educational
    $1,094,031
    Medical
    $1,131,656
    Retail
    $1,701,826
520 Main St, Franklin, Kentucky

Location Insight

City
Franklin
County
Simpson
State
Kentucky
Latitude
36.7287
Longitude
-86.578

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,167
-
-
$555,000
-
-
-
$555,000

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