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132 3rd Ave S, Franklin, TN 37064

132 3rd Ave S, Franklin, TN 37064, Conditional at $5,000,000. Commercial.

Conditional · $5,000,000

0.38 acres

MLS #3058913 · listed June 19, 2026 · 73 days on market · updated April 11, 2026

Commercial at 132 3rd Ave S, Franklin, $5,000,000, by Compass.

This is a multi-family or commercial listing, unit mix and income details vary; ask Grant Hammond for the rent roll and operating figures where applicable.

Description of 132 3rd Ave S

Iconic building built in the early 1900's. Commercial Zone in the Historic District. Across the street from the new City Hall/Retail/Office complex (under construction). Multiple uses, large rooms, high ceilings, multiple fireplaces, 2,700sqft covered rear patio perfect for entertaining, currently a fully operational restaurant, located between two "free" public parking garages, multiple uses, be a part of the Franklin magic, desirability and increasing property values.

Listing remarks via the RealTracs Internet Data Exchange.

Highlights

Built 1910

Full property details

Complete reported fields for 132 3rd Ave S (reference).

MLS #3058913
StatusConditional
Price$5,000,000
Property typeCommercial
Lot size0.38 acres
Lot dimensions16,553 sqft
Property typeCommercial
CountyWilliamson
ListedJune 19, 2026
All 11 property fields
Days on market73
UpdatedApril 11, 2026

Listing activity

DateEventPriceChange
Last recorded sale$1,950,000
Listed$5,000,000
  • Listed at $5,000,000, about 156% above the last recorded sale ($1,950,000, December 1, 2016).
  • County assessment: $1,869,900 total appraised value (land $1,050,000 + improvements $819,900).
  • Land accounts for about 56% of the county appraised value, a land-weighted parcel (renovation or rebuild potential; verify zoning and utilities before relying on it).

County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.

Cost of ownership

Estimated monthly ownership for 132 3rd Ave S at $5,000,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.

List price$5,000,000
Property tax basisAssessed value × 25% (TN residential ratio) × the Williamson County rate

How this property is priced

The evidence behind that pricing read:

  • Analysis by Grant Hammond, Compass RE, comp-based, not an appraisal.

Location & neighborhood

132 3rd Ave S sits in Franklin, Williamson County.

Approximately 17 miles from downtown Nashville (straight-line distance).

Ask Grant about 132 3rd Ave S

Get the full details, recent comparable sales, and any off-market options for 132 3rd Ave S - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.

Preferred tour time (optional)

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Listed with Compass. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.

Nashville real estate insights

Read: Franklin, TN Home Prices by School Zone (2026)
Franklin, TN Home Prices by School Zone (2026)

What Franklin, TN homes cost per square foot in each Williamson County Schools zone: median price and $/sq ft for all seven high-school zones.

Read: Franklin TN Home Prices: The Williamson County Market Pulse
Franklin TN Home Prices: The Williamson County Market Pulse

Franklin TN home prices over the trailing six months: 978 closings, a $949,995 median, and the new-construction supply that keeps Williamson County near double the Davidson County median. A broker's data read, with live market stats, current MLS listings, and how Franklin compares to Brentwood.

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Frequently asked questions about 132 3rd Ave S

Is 132 3rd Ave S, Franklin still for sale?

As of the latest update (April 11, 2026), 132 3rd Ave S, Franklin is conditional, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.

How much does 132 3rd Ave S, Franklin cost?

132 3rd Ave S, Franklin is listed at $5,000,000.

What type of property is 132 3rd Ave S, Franklin?

Commercial. Unit mix, rent roll, and income details vary, ask Grant Hammond for the operating figures where applicable.

What subdivision or area is 132 3rd Ave S, Franklin in?

132 3rd Ave S, Franklin is in Franklin.

Are there HOA or association dues?

No association dues are reported for this listing.

How do I tour 132 3rd Ave S, Franklin or request the financials?

Ask for a showing, the rent roll, or operating figures through the form on this page, or call or text Grant Hammond, Compass RE, at (615) 945-7123. Broker fees are not set by law and are fully negotiable.

Who can tell me more about 132 3rd Ave S, Franklin?

Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.

Thinking of selling in Franklin?

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