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Commercial opportunity awaits in downtown Franklin, NC! One of $975,000

423 Iotla Street, Franklin, NC 28734

0 br, 0.0 ba, 0 2000 sf
Ad #: 7087324

Commercial For Sale near Lake Emory

Commercial opportunity awaits in downtown Franklin, NC! One of the last remaining large parcels within walking distance to downtown, this 2.41-acre gentle property is in a prime location for development. CITY water, sewer and Toccoa natural gas are available and the parcel is off a state-maintained road. Currently zoned R-1, there are multiple options for multi-family & single-family homesites. Picture 14 townhomes with a courtyard & dog park; 7 duplex homes with single-level living to attract senior residents; 4 to 10 single family homes (or lots); or a magnificent in-town estate nestled with privacy between the old oak trees. Rezoning for other opportunities is also possible. Owned by Dr. J.H. Fouts in the 1890's, this historic two-family home (with full apartment below) could be an absolute showplace! Stunning large rooms with soaring 11-foot ceilings, historic woodworking details, heart of pine flooring, terrarium sunroom, clawfoot tub and simply timeless charm. A beautiful 2-car carport is nearby. The 1,100 square foot workshop could be renovated into another home, storefront, or massive workshop/storage space. An open canvas of possibilities awaits on Iotla Street!

Property Details

  • Beds: 0
  • Baths: 0.0
  • Sq Feet: 2000
  • Year Built: 0
  • Location: Lake Emory
  • Acres: 2.410
  • Heat/AC: See Remarks (Heating)
  • Siding: Other
  • Roof: Other
  • MLS #: 26041991

Location

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Contact Information:

Contact Agent
Listing Agent: Kelly Penland, Bald Head Realty, 828-369-0000, 828-369-0000 Listing Site, Listing Status: Active
Copyright © 2025 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Commercial For Sale in Franklin, North Carolina
Ad Number : 7087324
Viewed: 19 times
Added: Dec 31, 2025
Updated on: Dec 31, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.