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153 E Palmer St
Franklin, NC 28734
Retail Property For Sale
Investment Highlights
- According to the NCDOT traffic survey in 2024 the annual average daily count was 5,637.
Executive Summary
Prime location and opportunity! Property has great in town exposure and is very unique with tons of character and options! The building has 3 stories with multiple entrances. Keep building in current configuration with one huge retail space or separate with minimal work to create multiple retail spaces. The main level is currently made up of two large adjoining retail spaces. Upstairs is separated into 10 rooms that could easily be converted into offices, meeting or conference rooms, etc. The lower level is a large open room with a door to the back fenced yard and storage building with 4 bays that could be used for additional storage. This offering is for real property only; no business is included.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,850 SF
Building Class
C
Year Built
1948
Price
$799,000
Price Per SF
$116.64
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
FC1 - Commercial
Parking
17 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
199’ on East Palmer Street
Property Taxes
| Parcel Number | 6594191486 | Improvements Assessment | $308,930 |
| Land Assessment | $306,250 | Total Assessment | $615,180 |
Property Taxes
Parcel Number
6594191486
Land Assessment
$306,250
Improvements Assessment
$308,930
Total Assessment
$615,180
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