Description
Call for offers, October 9th, 2024 by 5:00pm CST. Seller pricing guidance starts at $5.25M with 5 year leaseback of the entire property for $270,000 annual triple net with 3% annual escalators. Do not disturb tenants in place. This ±4,608SF fully renovated commercial property offers a unique setup with a coffee shop and retail space downstairs, complemented by a co-working space with multiple conference areas upstairs. The building features soaring 12ft ceilings, original hardwood floors, a food prep area that can be converted into a full commercial kitchen, and a full-size basement, making it a versatile space for various business ventures. With 2 bathrooms, 4 dedicated parking spaces, and a prime location on the historic Franklin square, this property is an exceptional opportunity for entrepreneurs or investors alike. This historic building has 3 main entrance points on the front making it easy to divide the building out if so desired. Seller is willing to do a sale leaseback.
Details
Updated on October 23, 2024 at 1:22 pm- Property ID: 2669175
- Price: $5,250,000
- Property Size: 4608 sqft
- Garage Size: x x
- Property Type: Retail, Commercial Sale
- Property Status: Active
- MLS#: 2669175
Address
Open on Google Maps- Address 234 Public Sq
- City Franklin
- State/county TN
- Zip/Postal Code 37064
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