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Listed by Tom Magli CCIM • Magli Realty Company
$ 5,700,000
Est. payment /mo
Active
507 New Hwy 96 West Franklin, TN 37064
8,445 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,445 sqft
Price per Sqft $674
MLS Listing ID 2794093
Year Built 1984
Lot Size 2.672 Acres
Acres 2.672
Property Sub-Type Office
Property Description
Discover a rare investment opportunity at 507 New Highway 96 West in Franklin, TN, a prime commercial property offering exceptional potential in one of the area's most sought-after locations. Listed at $5,700,000, this multi-level building spans 8,445 square feet on a 2.67-acre lot, perfectly positioned for immediate income and future growth. Currently fully occupied and leased by the City of Franklin for its Fire Department Administration and inspection teams, the property guarantees stable revenue through June 30, 2027, totaling $620,048.50 over the lease term. The tenant handles utilities and landscaping, ensuring minimal owner responsibilities. Situated on a major thoroughfare with daily traffic of nearly 15,000 vehicles (as of April 2024), this property boasts exceptional visibility and proximity to Downtown Franklin and key intersections, making it ideal for businesses seeking convenience and exposure. Once the lease concludes, the building offers remarkable flexibility for owner occupancy, leasing to new tenants, or utilizing one floor while renting out the other. Its Civic Institutional zoning supports diverse uses such as medical offices, civic purposes, or professional spaces. Meticulously maintained, the property features a parking lot with 41 spaces (including handicap-accessible spots), an audio-visual capable conference room, LED lighting, and multiple HVAC systems for optimal comfort. Originally constructed as the administrative headquarters for the Franklin Special School District, this property is ready for its next chapter in Franklin's thriving market. Don't miss this exceptional opportunity to own a highly desirable asset—contact us today to learn more or schedule a private tour!
Location
State TN
County Williamson County
Zoning CI
Interior
Fireplace N
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