3522 S Us Highway 31 Road

    Franklin, IN 46131
    • $550,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 21603006
    UPDATED: 37 min ago
    $550,000
    • 0
      BEDS
    • 5.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1942
    County:

    School Ratings & Info

    Description

    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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    © 2018 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.
    www.mikepricerealestate.com/homes/88667101

    3522 S Us Highway 31 Road Franklin, IN 46131

    • Price: $550,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 21603006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.7
    Acres
    1942
    Built
    Neighborhood:
    4109 - Johnson - Blue River
    County:
    Johnson
    Area:
    4109 - Johnson - Blue River
    Property Description
    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.
    Exterior Features

    Building Size 7892 Construction Wood & Brick Lot Size 572X496 Road Access Seeremarks Roof Shingle Signage Pylon Sprinkler None

    Interior Features

    Baths Total 0.00 HVAC Gas Central Air Max Contig Sq Ft 3264 Min Contig Sq Ft 1931 Rooms Total 0 Square Foot Main Upper 0

    Property Features

    Building Utilities ElectricWellSeptic System Contingency Act With No Contingency Direct Soliciting No Divisible Yes Existing Lease No Gross Potential Income 80000 Investment Yes Lease Type Negotiable Net Operating Income 59200 New Construction No Other Disclosures Not Applicable Possession Atclosing Present Use Commmulten Property Sub Type Retail Proposed Lease Negotiable Proposed Use Commmulten Semi Annual Property Tax Amount 2095 Space Available 7892 Township Blue River Transaction Type Sale Zoning Bus

    Listing provided courtesy of Jeff Paxson Team. © 2018 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2018 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.
     
    Mike Price Realty Team - RE/MAX Centerstone
    3930 Clarks Creek Road
    Plainfield IN, 46168