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$495,000 -

3522 S Us Highway 31 Road Franklin IN 46131

SQ. Feet
(Above Ground)

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.

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Property Details

Price: $495,000 Previously: $525,000 Originally: $550,000 Bathrooms: 0.00 MLS #: 21603006 Year Built: 1942 Township: Blue River Type: Commercial Zip Code: 46131 City: Franklin Subdivision: Empty County: Johnson

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • Lot Size: 572x496
  • # Acres: 5.70

Listing Office: Jeff Paxson Team

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2019 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on December 13th, 2019 at 5:24pm EST.

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