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    [type] => Commercial
    [status] => stdClass Object
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            [current] => Active
            [last] => Active
            [changed] => 2025-02-21T10:01:01
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    [ml_number] => 2794093
    [price] => stdClass Object
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            [amount] => 5700000
            [original] => 5700000
            [last_changed_on] => 2025-02-21T10:01:01
        )

    [available_on] => stdClass Object
        (
            [$date] => 2025-02-21T05:00:00Z
        )

    [description] => Discover a rare investment opportunity at 507 New Highway 96 West in Franklin, TN, a prime commercial property offering exceptional potential in one of the area’s most sought-after locations. Listed at $5,700,000, this multi-level building spans 8,445 square feet on a 2.67-acre lot, perfectly positioned for immediate income and future growth. Currently fully occupied and leased by the City of Franklin for its Fire Department Administration and inspection teams, the property guarantees stable revenue through June 30, 2027, totaling $620,048.50 over the lease term. The tenant handles utilities and landscaping, ensuring minimal owner responsibilities. Situated on a major thoroughfare with daily traffic of nearly 15,000 vehicles (as of April 2024), this property boasts exceptional visibility and proximity to Downtown Franklin and key intersections, making it ideal for businesses seeking convenience and exposure. Once the lease concludes, the building offers remarkable flexibility for owner occupancy, leasing to new tenants, or utilizing one floor while renting out the other. Its Civic Institutional zoning supports diverse uses such as medical offices, civic purposes, or professional spaces. Meticulously maintained, the property features a parking lot with 41 spaces (including handicap-accessible spots), an audio-visual capable conference room, LED lighting, and multiple HVAC systems for optimal comfort. Originally constructed as the administrative headquarters for the Franklin Special School District, this property is ready for its next chapter in Franklin’s thriving market. Don’t miss this exceptional opportunity to own a highly desirable asset—contact us today to learn more or schedule a private tour!
    [location] => stdClass Object
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            [city] => Franklin
            [state] => Tennessee
            [postal_code] => 37064
            [county] => Williamson County, TN
            [street] => stdClass Object
                (
                    [number] => 507
                    [name] => New Hwy 96 West
                    [full] => 507 New Hwy 96 West
                )

            [directions] => From Franklin’s Historic Public Square, Head West on Main St - then Turn Right onto 5th Ave N -then Turn left onto TN-96 W.  Property is 0.6 mi on left 507 TN-96 Franklin, TN 37064
            [coordinates] => stdClass Object
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                    [latitude] => 35.924706
                    [longitude] => -86.882587
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    [building] => stdClass Object
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            [built_in] => 1984
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    [surroundings] => stdClass Object
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                    [size] => stdClass Object
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                            [acres] => 2.672
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        )

    [last_updated] => stdClass Object
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            [$date] => 2025-04-17T13:36:00Z
        )

    [office] => stdClass Object
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            [name] => Magli Realty Company
            [broker_id] => 935
        )

    [agents] => Array
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                    [name] => stdClass Object
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                            [first] => Tom
                            [last] => Magli CCIM GRI
                        )

                    [phone] => stdClass Object
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                            [preferred] => 6157945485
                            [mobile] => 6153005484
                            [fax] => 6159880066
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            [1] => stdClass Object
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                    [name] => stdClass Object
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                            [first] => Joyce
                            [middle] => E.
                            [last] => Friedman
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                            [mobile] => 6157141666
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                            [description] => Co-listed by Tom Magli of Magli Realty and Joyce Friedman of Crye-Leike. Seize the moment with this rare investment opportunity at 507 New Highway 96 West.
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                            [description] => Welcome to 507 New Hwy 96 West, Franklin TN offering an unparalleled opportunity for an owner-occupant investor.
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                            [description] => Freestanding, multi-level building with growth potential. Once current lease ends, ground floor space offers flexibility for an owner-occupant to establish its business there while leasing upstairs.
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                            [description] => A total of 44 parking spaces, including two handicap spaces, that are shared with the office building next door.
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                            [description] => A new owner can seamlessly capitalize on this promising revenue stream while having time to plan a future move into this space when current lease expires.
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                            [description] => This site's special zoning, coupled with its prime Franklin location, offers additional value appreciation. Its Civic Institutional (CI) zoning is a one-of-a-kind asset acquisition in Franklin.
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                            [description] => As Civic Institutional, it allows for many uses including office, medical and civic. For a complete list of approved uses, visit the 2025 Franklin Zoning Ordinance document Chapter 5.1.3 of Use Regulations, pages 86-87.
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                    [9] => stdClass Object
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                            [description] => The City of Franklin is expected to occupy the premises through June 30, 2027, generating $21,000+ a month, total value $620,000. HVAC Units: 2 package units in basement, new in 2010; 11 PTAC units upstairs, various years with two new in 2025.
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                            [description] => Current tenant is responsible for utilities and maintaining the lawn and the landscaping for the duration of the lease.
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                            [description] => Traffic Count reading on April 16, 2024: Fronting subject property @ 14,695 motorized vehicles in a 24-hour period, a 16 percent increase from comparable 2023 reading,
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                            [description] => Highway 96 West Construction Update: Per last inquiry with TN Dept of Transportation, no road widening scheduled within next 10 years. Sidewalks on North side of Hwy 96 added around 2018.
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                    [13] => stdClass Object
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                            [description] => Acreage: 2.672 acres - Calculated from Plat.
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