Office at 301 NP And L Loop, Franklin
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48 photos

$5,500,000

301 NP And L Loop
Franklin, NC 28734
Listed by Jake Mossman · Keller Williams Professionals
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1997

About this home

A rare opportunity to acquire a landmark 33,644 SF office building in the heart of Western North Carolina - ideally suited for an owner-user, investor, or redeveloper seeking a high-visibility asset at a compelling basis well below tax value and replacement cost. Situated on 6.62 acres with exceptional Hwy 441 N. frontage, this fully infrastructure-equipped building offers immediate repositioning potential in one of the region's most desirable mountain markets. The property boasts a robust physical infrastructure package rarely found outside major metro corridors: a large on-site diesel backup generator, enterprise-grade fiber connectivity, multiple HVAC units with air handlers on three floors, a comprehensive fire alarm system throughout, and a 3-stop elevator serving both stories. A thoughtfully designed 110-room layout across two floors featuring 9-foot ceilings and a slab foundation provides exceptional flexibility for a wide range of end uses, while approximately 155 surface parking spaces ensure operational capacity for high-traffic occupancy. Franklin and Macon County represent one of Western North Carolina's most dynamic growth markets, attracting healthcare systems, government agencies, technology firms, educational institutions, and mixed-use developers alike. Whether repositioned as a medical campus, government services hub, regional tech office, higher education facility, or a creative mixed-use redevelopment, this asset offers the scale, visibility, and infrastructure to support virtually any institutional or commercial vision at a basis that makes the numbers work from day one.

Property details

MLS
Canopy MLS
MLS #
CAR4427700
Property type
Office
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
October 5, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
155
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Iotla Valley Elementary
3.3 mi away · Grades -1-4
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
392
Student:teacher ratio
11.9:1
District
Macon County Schools
Middle
Macon Middle School
3.66 mi away · Grades 7-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
598
Student:teacher ratio
15.0:1
District
Macon County Schools
High
Franklin High
2.98 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
993
Student:teacher ratio
17.4:1
District
Macon County Schools

Walkability

Blended score for Franklin's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

18
Very car-dependent
out of 100
EPA National Walkability Index
5.8 / 20 -- Below average walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$33,272/mo
$1,100,000 down
$4,400,000 loan
Principal & interest$28,538
Property tax (est.)$4,583
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 15 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.