3522 S Us Highway 31 Road, Franklin
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.
- BLC® #21603006
- Year Built1942
- Constructionwood & brick
- Listing OfficeJeff Paxson Team
- Address3522 S Us Highway 31 Road
- AreaJohnson - Blue River
- Zip Code46131
- Date ListedOctober 18th, 2018
- Days on Market367
Price Change History for 3522 S Us Highway 31 Road, Franklin, IN (BLC® #21603006)
|Price Reduced from $525,000 to $495,000|
|Price Reduced from $550,000 to $525,000|
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Listing information last updated on October 20th, 2019 at 8:54am CDT.