




Property details
Description of 112 Bridge St
Real Equity Group of Compass RE Commercial is pleased to present a rare opportunity to acquire 112 Bridge Street, a historically significant property located in the heart of Downtown Franklin's Historic District. Built in 1941 and known locally as the "Old, Old Jail," the property was purchased by the Heritage Foundation in 2013 and fully restored by 2016, reopening as The LeHew Magid Big House for Historic Preservation. The building has since served as the Foundation's headquarters and is currently open for public tours Monday through Friday. The property offers 55 marked on-site parking spaces, a rarity in the downtown core, and a recently renovated third floor, which includes a large conference space. Its flexible layout makes it an ideal fit for a financial services firm, private equity group, technology headquarters, or a preservation-focused organization seeking a high-profile presence in the heart of Franklin. Located just steps from Main Street and the Public Square, the building is walkable to award-winning dining, shopping, and civic landmarks. Zoned First Avenue District (to be confirmed) and covered by the Historic Preservation Overlay, the property maintains its architectural integrity while allowing for a variety of professional uses. With First Avenue District zoning and proposed restrictive covenants (available upon request under NDA), this property is well-positioned for a buyer committed to honoring its historic value. These are the kinds of buildings that rarely come to market "” cornerstones of Franklin's built history that offer both immediate usability and long-term upside. While available individually, 112 Bridge Street may also be acquired as part of a portfolio with adjacent 108 Bridge Street. Additional property information, including proposed covenants and building improvements is available upon request and subject to NDA.
Listing updated: 2026-05-29
About this property
112 Bridge St is a property in Franklin, TN 37064, last listed at $5,490,000.
Recently sold in Franklin 37064: 12 comparable homes from $3,300,000 to $7,000,000.
Price & sale history
- 34 days on market (tracked since Jun 19, 2026).
Listing-cycle history tracked by the GH Market Engine.
How is it priced in Franklin?
Franklin 37064 homes: a balanced market as of 09-15-2026. About 5.0 months of supply, 99.2% sale-to-list (trailing 6 months).
- Median sale price
- $953,920
- Average sale price
- $1,249,218
- Active inventory
- 614
- Months of supply
- 5.0
Balanced market
Full Franklin 37064 market detail
| Active listings | 614 |
|---|---|
| Median list price | $1,199,950 |
| Median $/sqft (list) | $400 |
| Homes closed (12-mo) | 1,353 |
| Median closed price | $953,920 |
| Average closed price | $1,249,218 |
| Sale-to-list (trailing 6 mo, dated closings, n=359) | 99.2% |
| Months of supply | 5 |
As of (614 active listings). Source: Realtracs via IDX. Analysis by Grant Hammond.
What's your Franklin 37064 home worth? Get a free local valuation →
Financing this property
Five-plus-unit and commercial properties are financed with a commercial loan, not a conforming 30-year mortgage: DSCR-underwritten, typically 20-30% down on a 20-25-year amortization (often a 5/7/10-year term), and qualified on net operating income (NOI), not personal income. Ask Grant Hammond about financing and to request the rent roll and operating statement.
Frequently asked questions
Can you short-term rent 112 Bridge St?
112 Bridge St is in Franklin (Williamson County), not Metro Nashville, so Nashville's short-term-rental permit program does not apply here. Williamson County and the City of Franklin set their own short-term-rental rules; verify the current local ordinance before counting on STR use.
How is 112 Bridge St financed?
Five-plus-unit and commercial properties use a commercial loan -- commonly DSCR-underwritten on the property's net operating income, typically with 20-30% down on a 20-25-year amortization -- not a conforming 30-year mortgage. Contact Grant Hammond, Compass RE, about financing.
What is the cap rate or rent roll for 112 Bridge St?
Cap rate, net operating income, and gross rent multiplier depend on the current rents and operating expenses, which are not included in the public listing data. Contact Grant Hammond, Compass RE, for the rent roll and operating statement.
How much does 112 Bridge St cost?
112 Bridge St is listed at $5,490,000 (as of 05-29-2026).
How big is the lot for 112 Bridge St?
112 Bridge St sits on a 0.93-acre lot, measuring approximately 40,511 sqft (per the listing).
When was 112 Bridge St built?
112 Bridge St was built in 1941.
Is Franklin a buyer's or seller's market?
Franklin is currently a balanced market, with about 5 months of supply, 99.2% sale-to-list. The median list price is around $1,199,950 (as of 09-15-2026, Realtracs via IDX).
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Market and guidance
Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.