103 Main StFranklin, VA 23851

  • Other commercial real estate
  • 3,200 SF
For Sale

Property Details for 103 Main St

Year built
1882
Lot size
0.05 AC
Property size (Sq ft)
3,200 SF
Zone code
B2A
Property type
Other commercial real estate
APN
107 04821 5B
APU
107048215B

Description

This exceptional retail storefront, located at 103 N Main Street in the heart of Franklin, VA, presents a unique opportunity for business owners seeking high visibility and strong foot traffic. Situated on a 0.05-acre lot, this property benefits from its central downtown location amongst a diverse mix of thriving retail stores, restaurants, and professional services. The B2 zoning allows for a wide variety of business uses, providing flexibility for potential tenants. A key advantage is its position directly across from a public parking area, ensuring convenient access for customers. This prime location also places your business at the center of numerous public events and festivals held throughout the year, guaranteeing significant exposure to a large and engaged community. The property's strategic placement ensures maximum visibility and accessibility, making it an ideal location for a business seeking to thrive in a vibrant and growing downtown area. The asking price is $8 million. This is a rare opportunity to establish a presence in the bustling commercial center of Franklin, VA. Don't miss out on this chance to become part of a thriving and dynamic business community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $679,568
    Hospitality
    $622,481
    Educational
    $517,896
    Medical
    $535,708
    Retail
    $805,617
103 Main St, Franklin, Virginia

Location Insight

City
Franklin
County
Franklin City
State
Virginia
Latitude
36.6772
Longitude
-76.9225
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

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
2019
$863
$25,300
$56,400
$81,700
-
$25,300
$56,400
$81,700

FAQs

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