Commercial Land in Franklin, Tennessee, offers a unique investment opportunity for those looking to capitalize on the city's growing economy. With its rich history, preserved older buildings, and neighborhoods, Franklin has become a hub for various industries, including healthcare, automotive, manufacturing, technology, and energy. As a result, Commercial Land in Franklin presents an attractive option for investors seeking to tap into the city's economic potential. These properties can represent a range of investments, from retail and office spaces to industrial and mixed-use developments. Franklin's strategic location, approximately 21 miles south of Nashville, provides easy access to major transportation routes, including Interstate 65, U.S. Routes 31 and 431, and State Routes 96, 246, and 441. The city's infrastructure, including the City of Franklin Water Management Department, Middle Tennessee Electric Membership Corporation (MTEMC), and Atmos Energy, supports the growth of businesses and industries. Additionally, Franklin's amenities, such as hospitals, parks, and higher education institutions, including Belmont University's Williamson Center campus and Columbia State Community College's Franklin campus, make it an attractive location for businesses and residents alike. The city's arts scene, featuring events like the Pilgrimage Music and Cultural Festival and the Main Street Festival, also contributes to its appeal.
Franklin's Commercial Land market offers 13 listings, with an average price per square foot of and an average size of square feet. The largest available property spans 0 square feet. With an average cap rate of , Commercial Land in Franklin presents a compelling investment opportunity. The city's diverse economy, strong infrastructure, and high quality of life make it an attractive location for businesses and residents. In addition to Commercial Land, Franklin also offers other property types, including office spaces, retail properties, and industrial sites. The city's unique blend of history, culture, and economic growth makes it an ideal location for investors seeking to capitalize on its potential.
What are common commercial uses for land in the Franklin market?
Common commercial uses for land in the Franklin market include office spaces, retail centers, and restaurants, which cater to the city's growing population of around 70,000 residents and numerous corporate headquarters. Additionally, the land is also used for healthcare facilities, manufacturing plants, and technology companies, taking advantage of Franklin's strategic location near Nashville and its well-developed infrastructure.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Franklin, Tennessee, there are several common ways to do so. One popular approach is to work with a commercial real estate broker who has extensive knowledge of the local market and can guide you through the process, from finding the right property to negotiating the sale.
Before diving into a land purchase, it's essential to do your research and understand the ins and outs of the process. If you're new to buying land, it's a good idea to start by reading our article on how to buy land, which covers the key steps involved in acquiring land for development projects. With the right guidance and preparation, you can find the perfect piece of land in Franklin to bring your development project to life.
