Rare infill opportunity for 25 potential homesites on 7.3+/- acres in the heart of Franklin, TN, Williamson County at 1406 Cannon St, MLS No. 2615394. The rarity of such an offering makes this property a gem for investors, builders and developers.
Imagine developing harmonious living spaces that seamlessly integrate modern design with the convenience of living near Historic Downtown Franklin. The property is comprised of four parcels, totaling 7.3+/-acres, including three “build ready” parcels fronting Battle Avenue at 319, 401 & 403.
Zoned Residential-4 (R4) by the City of Franklin and under the Envision Franklin Development Plan, these parcels are designated for single-family residential development that ensures a community atmosphere while maintaining neighborhood character. Nestled in Historic Franklin, residents will enjoy living with the convenience of urban amenities and easy access to the charm of downtown Franklin and its Main Street.
This property is located in an established neighborhood with existing city street entrances and exits. Battle Avenue parcels face the same direction as its neighborhood streetscape of Sunset Manor. Zoned for K-8 schools in the Franklin Special School District (FSSD) with dual zoning and the FSSD Elementary School is next door - what an incredible pre-marketing feature to sell the 25 homesites. Walkable neighborhood, minutes from historic Downtown Franklin.
Here is your chance to acquire and develop a prime piece of real estate in a highly sought-after location of Franklin, Tenn., Williamson County. Call to schedule a tour today because this property will not last long!
NOTES:
Lot 2 is 281,830 sf, 6.47 acres. Battle Ave Lots are "Build Ready" and level. Each lot is .278 acres and 50' x 242' in dimension. See MLS No.'s 2615395 for 319 (Lot 10), 2615396 for 401 (Lot 11) & 2615397 for 403 (Lot 12). Please see companion listing, MLS No. 2615392, for information on just purchasing Lot 2.
Redevelopment of Lot 2 requires review & approval of a site plan by the City of Franklin Planning Commission prior to issuance of a building permit. Information with Offer Instructions attached. Note that 1406 Cannon St, Lot 2 was re-zoned from Civic Institutional (CI) to R4 as 1400 Figuers Dr. Tax Records still reference 1406 Cannon St. Lot 2, Franklin, Tennessee. Known as the old FSSD Middle School and MAC building, existing school buildings are being sold AS IS and must be razed at Buyer’s Expense to develop as residential. To determine the cost of demolition, schedule a tour and bring your contractors.
When Letter of Intent (LOI) is received, copies of a recent Phase 1 Environmental Site Assessment Report and a Preliminary Title Commitment will be available for review. See LOI Draft attached for your convenience.
Contact us for more details!
Crye-Leike, REALTORS
+1C: 615-714-1666 O: 615-771-6620
http://www.joycefriedmanproperties.com
License #: 322945
Magli Realty Company
License #: TN 009351