- For Sale $445,000
- Property Type Retail
- Property Size 6,750 SF
- Date Updated Jun 12, 2025
OLDHAM GOODWIN is pleased to present 209 & 211 S Center Street, a two-tenant retail property in in the heart of Franklin, Texas for your consideration. This 6,750 SF building is located just off Highway 79, in the vibrant business community that surrounds the Robertson County Courthouse. The property is 100% occupied by two successful long-term tenants, Doc’s Icehouse and The Gym. Both tenants are established businesses with strong local following, and recently signed new five (5) year lease extensions. The center benefits from a visible location, a captive audience, consistent traffic and minimal nearby competition. This is a low-maintenance investment opportunity backed by reliable tenants and steady cash flow.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Attractive 8.50% Yield at the asking price
- Bite size income producing investment opportunity, priced at only $445,000.00 or $65.92/SF, major discount to replacement cost.
- Both tenants recently signed five (5) year lease renewals, evidence of commitment to the location
- Directly across the street from Best Western hotel and steps from the county courthouse and downtown municipal offices
- Docs Icehouse has operated successfully since 1998
- Located just off Highway 79, rare opportunity to purchase a commercial building in the Downtown district of Franklin, TX
- Long term upside through future rent growth, current rental rates averaging $7.02/SF Gross
- The Gym has operated successfully since 2013
- The property benefits from a thriving downtown community with excellent day time traffic
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Contacts
Location
Getting Around
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Walk Score ®
14/100
Car-Dependent
-
Bike Score ®
29/100
Somewhat Bikeable
- City Franklin, TX
- Neighborhood Franklin
- Zip Code 81210
Points of Interest
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Texaco
0.58 miles
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Exxon
0.74 miles
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Valero
1.77 miles
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Picnic Area
1.60 miles
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DQ Grill & Chill
0.60 miles
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Subway
0.72 miles
Frequently Asked Questions
The space currently listed for sale at 209 & 211 South Center Street asks for $445,000.
209 & 211 South Center Street totals 6,750 square feet.
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