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9600 Franklin st - 9600 Franklin ST - The Ferrum Schoolhouse 1.63 Acres of Commercial Land Offered at $195,000 in Ferrum, VA 24088

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INVESTMENT HIGHLIGHTS

  • Located Just Minutes from Ferrum College

PROPERTY FACTS

Price $195,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
Total Lot Size 1.63 AC
No. Stories 2
Zoning NZ

1 LOT AVAILABLE

Lot

Price $195,000
Price Per AC $119,631.90
Lot Size 1.63 AC

DESCRIPTION

1920s Historic Schoolhouse in Ferrum – 12,224 SF Brick Building with Endless Possibilities! Located at 9600 Franklin ST in Ferrum, VA, this iconic 1920s schoolhouse is a rare opportunity for visionary developers, investors, or creative homeowners. Sitting on 1.63 acres near Ferrum College, this solid brick building offers 12,224 square feet of untapped potential with no zoning restrictions, allowing for commercial, residential, or multi-family use. The Ferrum Schoolhouse stands as a testament to the community’s rich educational heritage. Constructed in the early 20th century, it originally served as a high school and continued as an elementary school after the high school’s closure. The building’s enduring presence reflects Ferrum’s commitment to education and community development over the decades. With public water and sewer connections available, the possibilities are endless—transform it into loft-style apartments, an event venue, a boutique business space, or a one-of-a-kind residence. The prime location provides easy access to restaurants, banking, medical facilities, and more, making it ideal for a variety of uses. This unique piece of Ferrum’s history is waiting for its next chapter. Whether you’re looking to restore its original charm or reimagine it with a modern vision, this is a rare chance to own a historic landmark with unlimited potential. Structure sold “as-is.”

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4010001300
Land Assessment
$19,900
Improvements Assessment
$146,800
Total Assessment
$166,700
  • Listing ID: 35230100

  • Date on Market: 3/22/2025

  • Last Updated:

  • Address: 9600 Franklin st, Ferrum, VA 24088

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