Property details
Description of 206 E Main St, Franklin, TN 37064
Offered for sale is a commercial property totaling approximately 3,198 square feet in the heart of Downtown Franklin, Tennessee, one of the Southeast's most coveted and supply-constrained markets. The property includes 18 dedicated parking spaces, a rarity in the downtown corridor. Strategically positioned at the intersection of East Main Street and 2nd Avenue, the site lies one block from the historic Public Square, directly across from The Harpeth Hotel, and adjacent to the forthcoming City of Franklin City Hall, slated for completion in 2027. This irreplaceable location places the property at the epicenter of Franklin's civic, hospitality, and cultural core. Surrounded by and walkable to premier retail, dining, boutique hospitality, and high-profile public investment. Roof recently replaced. Tenants are in place, do not disturb under any circumstances. Please contact for further details.
Listing updated:
Offered for sale is a commercial property totaling approximately 3,198 square feet in the heart of Downtown Franklin, Tennessee"”one of the Southeast's most coveted and supply-constrained markets. The property includes 18 dedicated parking spaces, a rarity in the downtown corridor. Strategically positioned at the intersection of East Main Street and 2nd Avenue, the site lies one block from the historic Public Square, directly across from The Harpeth Hotel, and adjacent to the forthcoming City of Franklin City Hall, slated for completion in 2027. This irreplaceable location places the property at the epicenter of Franklin's civic, hospitality, and cultural core. Surrounded by and walkable to premier retail, dining, boutique hospitality, and high-profile public investment. Roof recently replaced. Tenants are in place"”do not disturb under any circumstances. Please contact for further details.
| LAST UPDATED | 4/29/2026 | YEAR BUILT | 1900 |
|---|---|---|---|
| COUNTY | Williamson | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| HEAT | None |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 0.15 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
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Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this property
206 E Main St, Franklin, TN 37064 is a property in Franklin, TN 37064, offered at $4,000,000.
Recently sold in Franklin 37064: 12 comparable homes from $2,500,000 to $4,895,000, a median of $668/sq ft.
How is it priced in Franklin?
Franklin 37064 homes: a buyer's market as of 07-09-2026. About 15 months of supply, 98.3% sale-to-list.
| Active listings | 910 |
|---|---|
| Median list price | $1,250,000 |
| Median $/sqft (list) | $400 |
| Homes closed (12-mo) | 365 |
| Median closed price | $970,000 |
| Average closed price | $1,213,359 |
| Sale-to-list | 98.3% |
| Months of supply | 15 |
As of (910 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
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 206 E Main St?
206 E Main 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 206 E Main 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 206 E Main 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 206 E Main St cost?
206 E Main St is listed at $4,000,000 (as of 04-29-2026).
When was 206 E Main St built?
206 E Main St was built in 1900.
Is Franklin a buyer's or seller's market?
Franklin is currently a buyer's market, with about 15 months of supply, 98.3% sale-to-list. The median list price is around $1,250,000 (as of 07-09-2026, 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.
