$495,000

3522 South US Highway 31 Road, Franklin, IN 46131, US

Summary

Bedrooms: 0
Full Baths: 0
Half Baths: 0
Style: Retail
Year Built: 1942

Moving Quotes

primary photo for 3522 South US Highway 31 Road, Franklin, IN 46131, US

Remarks

Outstanding INVESTMENT Opportunity on Busy US 31 in Franklin on 5.7 Acre Lot. "Desperation Depot" Bar & Grill along w MOTEL (8 units) & 2story Home (duplex). Property generates over $100,000/year in rent. Owner selling only because of relocating out-of-state. Motel Units are remodeled and in great shape. Laundry onsite. Bar w/ Apartment Above & Has New Siding & Roof. Motel w/ New Wiring/Plumbing & New Roof. Leases are renewing in November, 2018. Bar lessor pays $1600/month. $165 x 4 units/week - $175 x 4 units/week. Owner Pays Utilities. Great highway visibility and location.

Details

MLS#: 21603006
Price: $495,000

Style: Retail
Bedrooms: 0
Baths Full: 0
Baths Half: 0
Year Built: 1942

County: Johnson
Lot Size: 572x496
Tax Fee: 4190

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Broker Contact

Jeff Paxson Team
2550 S St Rd 135 Ste 104
Greenwood, IN, 46143
US
Jeff Paxson
! 317-679-2121
! jeff@jeffpaxson.com

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by MIBOR Service Corporation
Last updated: 2019-12-19T14:07:47.000-05:00.
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