100 Covey DrFranklin, TN 37067

Property Details for 100 Covey Dr

Year built

1988

Construction

CONCRETE

Lot size

3.50 AC

Property size (Sq ft)

53,760 SF

Property type

Medical offices

Property subtype

Medical centers

APN

094079K A 00100

APU

094079KA00100

Description

Physicians Plaza, located at 100 Covey Dr, Franklin, TN 37067, offers exceptional medical office space for lease. This Class A, three-story building boasts a total of 51,720 square feet, situated on the Williamson Health Medical Center hospital campus, providing unparalleled convenience and visibility. The building is strategically located directly off I-65 and Murfreesboro Road, ensuring easy access for patients and staff. Multiple tenancy options are available, with spaces ranging from a minimum of 626 square feet to a maximum contiguous space of 3,031 square feet. Currently, 5,136 square feet of space is vacant and ready for immediate occupancy. The building consists of one building with three stories, and is located in Williamson County. This prime location within a thriving medical community presents a unique opportunity for healthcare professionals seeking modern, efficient, and conveniently located office space. The building's Class A designation reflects its high-quality construction, modern amenities, and professional atmosphere. Interested parties are encouraged to inquire about available space and lease terms. This is an exceptional opportunity to establish or expand your medical practice in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,287,151

  6.5%

  $8,572,755

  7%

  $7,960,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,627,661

  Geo Method

  $4,627,661

• Alternative Use

  Use

  Valuation

  Residential

  $10,630,216

  Hospitality

  $9,737,221

  Educational

  $8,101,254

  Medical

  $8,379,868

  Retail

  $12,601,950

Location Insight

City

Franklin

County

Williamson

State

Tennessee

Latitude

35.9149

Longitude

-86.82

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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