Seller Financing
Address
423 Iotla Street, Franklin, NC
Price
$ 895,000
Property Attributes
- MLS#26046538
- TypeCommercial
- Listing Status Active
- CountyMACON
- CityFranklin
- AreaFranklin
- Zip28734
- StyleRetail,Multi-Family
- Year Built1890
- Taxes$ 1572
- Price$ 895,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5500
- Lot Size2 Acres
Data Source:
Carolina Smokies Association of REALTORS® (CSNCAOR)
Property Description
Commercial opportunity awaits in downtown Franklin, NC! One of the last remaining large parcels within walking distance to downtown, this 2.41-acre gentle property is in a prime location for development. CITY water, sewer and Toccoa natural gas are available and the parcel is off a state-maintained road. Currently zoned R-1, there are multiple options for multi-family & single-family homesites. Picture 14 townhomes with a courtyard & dog park; 7 duplex homes with single-level living to attract senior residents; 4 to 10 single family homes (or lots); or a magnificent in-town estate nestled with privacy between the old oak trees. Rezoning for other opportunities is also possible. Owned by Dr. J.H. Fouts in the 1890's, this historic two-family home (with full apartment below) could be an absolute showplace! Stunning large rooms with soaring 11-foot ceilings, historic woodworking details, heart of pine flooring, terrarium sunroom, clawfoot tub and simply timeless charm. A beautiful 2-car carport is nearby. The 1,100 square foot workshop could be renovated into another home, storefront, or massive workshop/storage space. An open canvas of possibilities awaits on Iotla Street!
| Elementary School | Middle School | High School |
|---|---|---|
| East Franklin Elementary School | Macon Middle | Franklin High School |
| Price History | |
|---|---|
| 3/7/2026 | Listed $975,000 |
| 6/14/2026 | 9$895,000 |
General Features
| Construction | Other |
|---|---|
| Heating | Other-See Remarks |
| Cooling | None |
| Utilities | Electricity Available,Natural Gas Available,Water Available,Sewer Available |
| Possession | At Closing |
| Roof | Shingle |
| Parking | Off Street,Other-See Remarks |
| Zoning | R-1 |
| Status | Active |
| Subdivision | None |
| County | Macon |
| Miscellaneous | None |
| Township | Franklin (Macon Co.) |
| Type | Retail,Multi-Family |
| Location | City |
| Access | City Street,Paved Road |
| Financing | Cash,Conventional,Owner Will Carry |
| Status | Active |
| Area | Franklin |
| Year Built | 1890 |
| Virtual Tour | https://my.matterport.com/show/?m=U7RkPNGsmEF&mls=1 |
| Directions | From Franklin take Main Street to the corner of Iotla,head north and property is on the right. Or take the Depot Extension to left on Iotla Street,property is on the left. Starts near the corner of S |
| High School | Franklin |
| City | Franklin |
| Listing Type | Commercial |
| Elementary School | East Franklin |
| Middle School | Macon Middle |
| Virtual Tour | https://my.matterport.com/show/?m=U7RkPNGsmEF&mls=1 |
| ListingAgentFirstName | Kelly |
| ListingAgentLastName | Penland |
Interior Features
| Floors | Vinyl,Hardwood,Ceramic,Other-See Remarks |
|---|---|
| Restrooms | 2 |
Exterior Features
| Building Size | 2000 |
|---|---|
| Lot Dimensions | 2.4100 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 28734
Price
Taxes
Year Built
Visits
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC, and is updated as of September 24, 2026 12:28 PM UTC All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Old Town Brokers shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any
