503 N Petway St, Franklin, TN 37064
Active · $550,000
0.17 acres
MLS #3176091 · updated 2026-07-09 · listed with Steve Cothran Realty, LLC
Active · $550,000
MLS #3176091 · updated 2026-07-09 · listed with Steve Cothran Realty, LLC
Commercial at 503 N Petway St, Franklin, $550,000, by Steve Cothran Realty, LLC.
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.
Come see this Historic Property what was first a Grocery Store and later Johnson Heating and Air, built in1940 on a 0.17 acre lot very close to downtown Franklin. Whether your looking for a place to build or to renovate this is a great opportunity to be in the Highly Sought-After Franklin Downtown Area.
Listing remarks courtesy of Steve Cothran Realty, LLC via RealTracs.
The evidence behind that pricing read:
Estimated monthly ownership for 503 N Petway St at $550,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $550,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Dated history for this listing, tracked by the GH Market Engine.
503 N Petway St sits in Franklin, Williamson County.
As of the latest update (2026-07-09), 503 N Petway St, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
503 N Petway St, Franklin is listed at $550,000.
Commercial. Unit mix, rent roll, and income details vary, ask Grant Hammond for the operating figures where applicable.
503 N Petway St, Franklin is in Franklin.
No association dues are reported for this listing.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
Complete reported fields for 503 N Petway St (reference).
Get the full details, recent comparable sales, and any off-market options for 503 N Petway St - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Listed with Steve Cothran Realty, LLC. 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.
Market guidance by Grant Hammond, Compass RE, 25+ years, $1B+ in Middle Tennessee sales.
Franklin, TN single-family homes closed at a median of $1,050,000, or $342 per square foot, over the past 24 months. Median price per square foot runs from $306 to $462 across the seven Williamson County Schools high-school attendance zones (RealTracs, 3,387 closings).
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.
Short-term rental laws in Middle Tennessee govern permit types, zoning eligibility, and HOA restrictions across Nashville, Brentwood, Franklin, and Belle Meade.
[vc_row][vc_column width="1/1"][vc_column_text]It is quite rare for a high-end property to be foreclosed upon in historic downtown Franklin, TN. It’s even more rare for one of the
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