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3522 S Us Highway 31 Road Franklin IN 46131
- SQ. Feet
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 - Apartments $205/week. 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.
- Construction: Other
- Setting / Lot Description: TreeMature, NotInSubdv, AccStreet
- Lot Size: 572x496
- # Acres: 5.70
Listing Office: Jeff Paxson Team
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Listing information last updated on July 21st, 2019 at 12:54pm EDT.