Cherry Street

Franklin NC 28734

1.02 ac.

Land

Last sold for $55,000

Overview

Rare 1.02-acre tract inside the Franklin city limits is prime for development w/ immediate access to CITY WATER AND SEWER available + high speed internet! Finding a full acre in town is an absolute rarity. This lot is lays great, & recently cleared, making building a breeze w/ no steep mountain terrain to worry about. Tucked away via an access easement rather than sitting on a busy road, it offers excellent privacy while keeping you moments from downtown. A beautiful stream borders one end of the acreage, & the land is entirely outside the flood plain. With no strict restrictions outside or zoning for R2, which makes the possibilities here endless. The tract is easily subdividable, making it a perfect setup for multi-family income. You could subdivide it 3 ways to build 3 duplexes, construct an apartment building to capitalize on high rental demand, or build a spacious private residence w/ a massive yard. Mobile homes are allowed as well. Land with this size, flat & cleared topography, & city utilities does not last long on the market. Close to shopping & restaurants too. Better move fast, bring your builder & your vision to check out this premier city lot before it sells!

Features

1.02 ac. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Franklin over the last 12 months, the estimated median property value of Cherry Street is $70k.

Median value

$70k

Estimated value range

$14k - $425k

Median days on market

Estimated value trend

48%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Franklin. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for Cherry Street

2026

Sold

$55,000

08 Sep 2026

Happy sellers in Franklin

We have insufficient information to provide an overview of customer satisfaction for Franklin. Viewing the agent profiles, reviews and sales for Franklin can provide insights for this location.