503 N Petway St

Active

Franklin, TN 37064

2
Bedrooms
0.5
Bathrooms
1,153.00
Sq Ft
Acres
Updated 41 minutes ago MLS #: 2920757 Listed 2 months ago

$750,000.00

Est. Monthly: $3,619.83
$650
Per Sq Ft

About This Property

Nestled in the heart of historic Franklin, 503 N Petway St is a rare and charming opportunity to own a piece of one of Middle Tennessee’s most sought-after neighborhoods. Priced at $750,000, this 1,153 sq. ft. business sits on a manageable and desirable 0.17-acre lot, making it ideal for those who want to be close to downtown without the upkeep of a large property. Originally built in 1940, this property is brimming with character and ready for someone with vision—whether you’re looking to renovate, restore, or rebuild. Zoned residential and walking distance to Main Street, it’s one of the most exciting chances to get into Franklin’s historic core. Come explore the potential and imagine what’s possible!

Location

Subdivision Lynhurst
Directions Heading Southwest on W Main St from downtown Franklin, turn right onto N Petway St, property is on the left.

Interior Features

Interior Features Primary Bedroom Main Floor
Heating Other
Cooling Other
Flooring Concrete
Appliances None
Basement Slab

Exterior & Property

4 Car Garage
Stories 1
Construction Materials Other
Sewer/Septic Public Sewer
Water Source Public

Schools

K-5
Elementary School
Franklin Elementary
6-8
Middle School
Freedom Middle School
9-12
High School
Centennial High School

Property Details

Property Type Residential
Property Sub Type Single Family Residence
Year Built 1940
Annual Taxes $1,309.00
Listing Office Zeitlin Sotheby's International Realty
Listing Agent Jessica Harrison
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2025-08-29T19:33:55+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Market Insights

Explore market data for Franklin and the Lynhurst neighborhood

Franklin Market

City-wide statistics

Explore Franklin
876
Active Listings
$1,988,448.28
Avg Price
3,247
Avg Sq Ft
3.7
Avg Bedrooms

Lynhurst

Neighborhood statistics

Explore Lynhurst
2
Active Listings
$750,000.00
Avg Price
1,153
Avg Sq Ft
2.0
Avg Bedrooms

Property History

Timeline of listing events and status changes

Sold

MLS# 2920759

Property sold and closed

2 months ago • Jun 26, 2025

71 days on market

$750,000.00

Currently Listed

MLS# 2920757

Currently active listing

2 months ago • Jun 20, 2025

71 days on market

$750,000.00