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- 202 5th Avenue S in Franklin is a former residence that was converted into a 3,248 SF multi-tenant office building.
- Constructed in 1936, the two-story building sits on a 6,098 SF corner parcel.
- 2022 renovation.
- 9 parking spaces.
- Zoned OR.
- Short walk to Historic Downtown Franklin.
- At time of sale, the property was occupied by Everhart Law Firm and Metacake, a marketing agency.
- Located at the 5-way intersection of Church Street, Evans Street and 5th Avenue S.
- Nearby businesses include Danita’s Children (charity), First United Methodist Church and Franklin Classical School.
- The property last sold in 2022 for $1,725,000.
- Before that, in 2020, it sold for $1,375,000.
- The buyer put 15% down with financing from First Bank at 6.74% interest.
- The asking price was $2,600,000.
- The property just sold for $2,200,000…the equivalent of $677/SF.
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About Beau Beach, MBA CCIM
Beau is a battle-tested Commercial Real Estate Broker, entrepreneur, author and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.
Beau leads Beachwood which is an elite commercial real estate brokerage for sellers in the Southeast.
He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.
He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.
Click to schedule a call with Beau or email to Beau@SoldbyBeachwood.com