1228 Lakeview DrFranklin, TN 37067

Property Details for 1228 Lakeview Dr

Year built

1980

Lot size

0.53 AC

Property size (Sq ft)

2,352 SF

Property type

Retail properties

Property subtype

Retail space

APN

094079F A 02001

APU

094079FA02001

Description

This exceptional Franklin, Tennessee commercial property at 1228 Lakeview Drive offers 2,352 square feet of versatile space in a single-tenant building. Situated on a 0.53-acre lot, this two-story structure boasts high visibility next to I-65's exit ramp, ensuring excellent exposure. The property includes up to 33 paved parking spaces on-site, with potential for expansion. Features include a covered front porch, asphalt paving in the rear, and an ADA-compliant ramp for ground-level access. The building offers dual staircases to the upper level and one loading dock with one dock-high door. The property's prior uses include car dealerships, retail, and office/warehouse spaces, demonstrating its adaptability to various business needs. A land lease, renovations, or a complete rebuild are all negotiable options for prospective buyers. This move-in ready property presents a unique opportunity in a prime Franklin location. The building is classified as Office, Retail, and Land, with subtypes including Warehouse, Creative Office, Executive Office, and Medical Office.

• CAP approach

  CAP return

  Valuation

  6%

  $597,280

  6.5%

  $551,335

  7%

  $511,954

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,200

  Geo Method

  $510,200

• Alternative Use

  Use

  Valuation

  Residential

  $465,072

  Hospitality

  $426,003

  Educational

  $354,430

  Medical

  $366,619

  Retail

  $551,335

Location Insight

City

Franklin

County

Williamson

State

Tennessee

Latitude

35.9208

Longitude

-86.8241

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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