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345 Main St 4,693 SF 100% Leased Retail Building Franklin, TN 37064 $6,139,000 ($1,308.12/SF)



Investment Highlights
- Located in the heart of downtown Franklin, in one of the country’s fastest-growing counties
- Long-term tenant on first floor
- Second floor tenants in place with near-term upside in rent
- Historic storefronts on this block rarely come to market
- Two high-end office suites on the second floor
- Owner/occupied opportunity on second floor
Executive Summary
Located in the heart of downtown Franklin, this is a rare opportunity to own a historic storefront on one of the area’s most desirable and tightly held blocks. Properties of this caliber rarely come to market, offering an investor the opportunity to own a piece of downtown Franklin while benefiting from a long-term tenant on the first floor. The property also features two high-end office suites on the second floor, creating flexibility for an owner-user seeking a prominent downtown office location or an investor looking to generate additional rental income.
The second floor has been completely designed and renovated by Ellerslie Interiors and is currently occupied by tenants, with near-term upside in rents. An owner could occupy the second floor while maintaining the first-floor tenant, or lease the entire building to maximize investment income. With a public parking garage immediately adjacent to the building and a location in one of the country’s fastest-growing counties, this property offers a unique combination of ownership flexibility, income potential, and long-term value in downtown Franklin.
The second floor has been completely designed and renovated by Ellerslie Interiors and is currently occupied by tenants, with near-term upside in rents. An owner could occupy the second floor while maintaining the first-floor tenant, or lease the entire building to maximize investment income. With a public parking garage immediately adjacent to the building and a location in one of the country’s fastest-growing counties, this property offers a unique combination of ownership flexibility, income potential, and long-term value in downtown Franklin.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,693 SF
Building Class
C
Year Built/Renovated
1900/2023
Price
$6,139,000
Price Per SF
$1,308.12
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
8’
Building FAR
1.80
Lot Size
0.06 AC
Zoning
DD - Downtown District. Second Story Office
Parking
2 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
26’ on Main St
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 078C-O-009.00 | Improvements Assessment | $420,280 |
| Land Assessment | $1,040,000 | Total Assessment | $1,460,280 |
Property Taxes
Parcel Number
078C-O-009.00
Land Assessment
$1,040,000
Improvements Assessment
$420,280
Total Assessment
$1,460,280
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345 Main St
