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1311-1363 Armory Dr
Franklin, VA 23851
Armory Plaza · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 1311-1363 ARMORY DR , FRANKLIN, VA 23851
Divaris Real Estate, Inc. is pleased to exclusively offer for sale the fee simple interest in Armory Plaza, a 71,985 square foot neighborhood shopping center located in Franklin, Virginia. The Property is currently 63% leased, with tremendous value creation potential through the lease up of 26,953 square feet of vacant space. Two of the center’s most longstanding tenants, Franklin Bowling (27,300 sf, exp. July ‘28) and BMA Dialysis (4,800 sf, exp. June ‘23) provide stable cash flow, accounting for over $105,000 in rental income. Franklin Bowling, a mainstay in the local community, has been a tenant at Armory Plaza for over 20 years. BMA Dialysis, a major provider of dialysis services with over 16,000 employees nationwide, has been in the center for over 18 years.
PROPERTY TAXES
| Parcel Number | 135-169-C1 | Improvements Assessment | $1,078,000 |
| Land Assessment | $801,200 | Total Assessment | $1,879,200 |
PROPERTY TAXES
