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507 New Highway 96 W
Franklin, TN 37064
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Investment opportunity close to Historic Downtown Franklin TN, one of Williamson County's most sought-after locations.
- Flexible options after lease expiration: owner occupancy, new tenant leasing, or split use (one floor for owner, one for tenant).
- Fully occupied. Leased to City of Franklin Fire Dept. Guaranteed stable income through June 30, 2027, totaling $620,048.50, Cap 6.6%.
- Boasts exceptional visibility & proximity to Downtown Franklin & key intersections, making it ideal for businesses seeking convenience & exposure.
EXECUTIVE SUMMARY
Investment opportunity close to Historic Downtown Franklin, TN, one of Williamson County's most sought-after locations. This freestanding commercial building is multi-level and spans 8,445 square feet on a 2.67-acre lot. Currently, fully occupied and leased by the City of Franklin, the property guarantees stable income through June 30, 2027, totaling $620,048.50 over the lease term. Tenant responsibilities include maintenance, taxes, insurance utilities and landscaping. Situated on a major thoroughfare with daily traffic of nearly 15,000 vehicles (as of April 2024), this property boasts exceptional visibility and proximity to Downtown Franklin and key intersections, making it ideal for businesses seeking convenience and exposure. Flexible options after lease expiration: owner occupancy, new tenant leasing, or split use (one floor for owner, one for tenant) Its Civic Institutional zoning (CI) supports diverse uses such as public assembly, medical offices, clinics, rehabilitation, educational facilities, civic and fraternal uses, and professional spaces to name a few.
The property features a parking lot with 44 spaces (including handicap-accessible spots), security systems, an audio-visual capable conference room, LED lighting, and multiple HVAC systems for optimal comfort. Originally constructed as the administrative headquarters for the Franklin Special School District, this property is ready for its next chapter in Franklin’s thriving market. Don’t miss this exceptional opportunity to own a highly desirable asset—contact us today to learn more or schedule a private or virtual tour!
The property features a parking lot with 44 spaces (including handicap-accessible spots), security systems, an audio-visual capable conference room, LED lighting, and multiple HVAC systems for optimal comfort. Originally constructed as the administrative headquarters for the Franklin Special School District, this property is ready for its next chapter in Franklin’s thriving market. Don’t miss this exceptional opportunity to own a highly desirable asset—contact us today to learn more or schedule a private or virtual tour!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
8,445 SF
Building Class
C
Year Built
1984
Price
$5,364,918 CAD
Price Per SF
$635.28 CAD
Cap Rate
6.60%
NOI
$354,085 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,223 SF
Building FAR
0.07
Lot Size
2.67 AC
Zoning
Civic Institutional - Current zoning allows many uses, including office, medical and civic. Web site at: https://web.franklintn.gov/flippingbook/FranklinZoningOrdinance/86/
Parking
44 Spaces (5.21 Spaces per 1,000 SF Leased)
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