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Franklin Commons Shopping Center 1500 Armory Dr 190,133 SF 94% Leased Retail Building Franklin, VA 23851 $15,500,000 ($81.52/SF)
Investment Highlights
- Neighborhood center
- Roof installed in 2020. Exterior painted in 2023/
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
190,133 SF
Building Class
B
Year Built
1999
Price
$15,500,000
Price Per SF
$81.52
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
15.47 AC
Zoning
M1
Parking
1,136 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
945’ on Armory Drive
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 3,200 SF
- Retail
- -
- 30 Days
- 1st Floor
- 1,392 SF
- Retail
- -
- Now
- 108
- 1,600 SF
- Retail
- -
- Now
- 124
- 2,000 SF
- Retail
- -
- Now
- 132
- 1,600 SF
- Office/Retail
- -
- Now
- 144
- 1,600 SF
- Retail
- -
- Now
- 148
- 1,600 SF
- Retail
- -
- Now
- 174
- 1,600 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,200 SF | Retail | - | 30 Days |
| 1st Floor | 1,392 SF | Retail | - | Now |
| 108 | 1,600 SF | Retail | - | Now |
| 124 | 2,000 SF | Retail | - | Now |
| 132 | 1,600 SF | Office/Retail | - | Now |
| 144 | 1,600 SF | Retail | - | Now |
| 148 | 1,600 SF | Retail | - | Now |
| 174 | 1,600 SF | Retail | - | Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size |
| 1,392 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
108
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
124
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
132
| Size |
| 1,600 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
144
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
148
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
174
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,908,100 | |
| Land Assessment | $2,813,800 | Total Assessment | $10,721,900 |
Property Taxes
Parcel Numbers
Land Assessment
$2,813,800
Improvements Assessment
$7,908,100
Total Assessment
$10,721,900
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Franklin Commons Shopping Center | 1500 Armory Dr
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