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McCollum House 473 E Palmer St 2,680 SF 100% Leased Retail Building Franklin, NC 28734 $550,000 ($205.22/SF)

INVESTMENT HIGHLIGHTS
- Historic 1910 structure thoughtfully repurposed for commercial use, blending original character with modern functionality.
- Located in an Opportunity Zone, creating potential tax advantages for qualifying investors.
- Flexible layout featuring a large open entry, private offices, and an inviting sunroom, ideal for retail, office, or restaurant concepts.
- Prime frontage along E Palmer Street with city water/sewer and natural gas availability, ensuring utility convenience.
EXECUTIVE SUMMARY
Historical 1910 building, now zoned and repurposed commercial space. Full of charm and possibilities, this property offers a variety of potential uses such as restaurant, retail or offices. The main level boasts a large open entry ideal for retail, two private offices, and baths. A gorgeous sunroom and a large front porch add to the building's inviting atmosphere. Upstairs, you'll find a 2-bedroom, 2-bath living space with additional storage rooms, offering flexibility for residential or office needs. The original woodwork has been meticulously maintained, preserving the historic charm. The property’s inviting exterior includes a large front porch, two sizable parking areas, and meticulously landscaped grounds. There is plenty of room to add additional square footage or a separate building. City water/sewer. Toccoa Natural gas is available. Whether you’re looking for a unique commercial space or a multi-use property, this gem has it all. Building and land for sale only.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,680 SF
Building Class
B
Year Built
1910
Price
$550,000
Price Per SF
$205.22
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
FC1
Parking
10 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
100’ on E Palmer Street
NEARBY MAJOR RETAILERS
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McCollum House | 473 E Palmer St
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