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Improved Mixed-Use Land for Sale in Franklin, Tennessee

507 New Hwy 96 W, Franklin, TN 37064

$3,900,000
2.67 acres
Active
Est $20,994/mo

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 tour!

8,445
Sq feet
1984
Built

Location

Street address
507 New Hwy 96 W
Elevation
642 feet
Coordinates
35.9246, -86.8825

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

Property details

Acreage
2.672 acres
Zoning
CI
MLS #
REALTRACS 2963036
Posted

Parcels

  • 094078B A 00500 00009078B

Details and features

Listing

Type
Commercial Sale
Subtype
Mixed Use
Possession
Close of Escrow

Interior

Security
Fire Alarm, Security System, Smoke Detector(s)

Listing history

DateEventPriceChangeSource
Aug 2, 2025New listing$3,900,000REALTRACS
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This 2.672-acre property is located at 507 New Hwy 96 W in Franklin, TN 37064. The property is available for sale for $3,900,000. It has a 8,445 sq ft structure built in 1984.

Checked 19 mins ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Dec 5, 2025 5:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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