209 S Center St | Franklin, TX 77856
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- LoopNet Team
209 S Center St
Franklin, TX 77856
Retail Property For Sale
Investment Highlights
- Both tenants recently signed five (5) year lease renewals, evidence of commitment to the location.
- Attractive 8.50% Yield at the asking price.
- Located just off Highway 79 and directly across the street from Best Western hotel and steps from the county courthouse and downtown municipal offices
- Bite size income producing investment opportunity, priced at only $445,000.00 or $65.92/SF, major discount to replacement cost.
- Long term upside through future rent growth, current rental rates averaging $7.02/SF Gross.
- Doc’s Icehouse has operated successfully since 1998 and The Gym has operated successfully since 2013.
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,750 SF
Year Built
1912
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.19 AC
Zoning
N/A
Frontage
Property Taxes
| Parcel Numbers | Improvements Assessment | $255,520 | |
| Land Assessment | $45,563 | Total Assessment | $301,083 |
Property Taxes
Parcel Numbers
Land Assessment
$45,563
Improvements Assessment
$255,520
Total Assessment
$301,083
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