507 New Hwy 96, Franklin, Tennessee 37064

TN, Franklin
$5,700,000
  • Canceled Status
  • 185 Days Off Market Sorry Charlie 🙁
  • Commercial Sale Property Type
  • 8445 Total Sqft $675/sqft
  • 1984 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown

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Property Description

Discover a rare investment opportunity at 507 New Highway 96 West in Franklin, TN, a prime commercial property offering exceptional potential in one of the area’s most sought-after locations. Listed at $5,700,000, this multi-level building spans 8,445 square feet on a 2.67-acre lot, perfectly positioned for immediate income and future growth. Currently fully occupied and leased by the City of Franklin for its Fire Department Administration and inspection teams, the property guarantees stable revenue through June 30, 2027, totaling $620,048.50 over the lease term. The tenant handles utilities and landscaping, ensuring minimal owner responsibilities. 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. Once the lease concludes, the building offers remarkable flexibility for owner occupancy, leasing to new tenants, or utilizing one floor while renting out the other. Its Civic Institutional zoning supports diverse uses such as medical offices, civic purposes, or professional spaces. Meticulously maintained, the property features a parking lot with 41 spaces (including handicap-accessible spots), 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 tour!

Property Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • MLS #: 2794093
  • Price: $5,700,000
  • Year Built: 1984
  • Lot Area: 2.67 Acre
  • Office Name: Magli Realty Company
  • Agent Name: Tom Magli CCIM
  • Property Sub Type: Office
  • Listing Status: Canceled
Location Info
  • Street Number: 507
  • Street: New Hwy 96 West
  • City Franklin
  • State TN
  • Zipcode 37064
  • County Williamson County, TN
  • Longitude: W87° 7' 2.7''
  • Latitude: N35° 55' 28.9''
  • Zoning: CI
  • Directions: From Franklin’s Historic Public Square, Head West on Main St - then Turn Right onto 5th Ave N -then Turn left onto TN-96 W. Property is 0.6 mi on left 507 TN-96 Franklin, TN 37064
Additional Info
  • Building Size: 8,445 Sqft
  • On Market Date: February 21st, 2025
  • Previous Price: $5,700,000
Listing Data
  • Co List Agent Full Name: Joyce E. Friedman
  • Co List Office Name: Crye-Leike, Inc., REALTORS
  • Mls Status: Canceled
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jun 20th, 2025 @ 2:07pm
  • Status Change Timestamp: Jun 20th, 2025 @ 2:05pm

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