About This Home

This 0-bedroom, 2-bathroom commercial at 423 Iotla Street in Franklin, NC is listed for $895,000 ($448 per sqft). Built in 1890, the home offers 2,000 sqft of living space on a 2.41 acres lot.

Key Features

  • Built in 1890
  • 2.41 acre lot

Property Details

1 story
2 full
1890

Amenities

Hardwood
Listing Description

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!

Monthly Cost Estimate

$4,787/mo

20% down · 6.5% · 30 years

Principal$647
Interest$3,878
Insurance$261

Estimates only. Actual payments may vary.

Location

423 Iotla Street

Franklin, NC 28734

Property Details

Flooring

Tile - CeramicVinylHardwood

Parking

Off Street

Questions & Answers

This 0-bedroom, 2-bathroom commercial at 423 Iotla Street is listed at $895,000 ($448/sqft). The estimated monthly payment is $4,787 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 2.41 acre lot.

This property is listed by Kelly Penland.

KP

Kelly Penland

Agent at Realty One Group Vibe

Listed by Realty One Group Vibe · Broker phone: (828) 370-8423

MLS# 26046538· Source: Carolina Smokies Association of Realtors· 5 days on PropertySimple

Copyright © 2026 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.

423 Iotla Street, Franklin, NC 28734

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