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 - 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.
- BLC® #21610593
- Year Built1942
- DistrictFranklin Community
- Listing OfficeJeff Paxson Team
- Address3522 S Us Highway 31 Road
- AreaJohnson - Blue River
- SubdivisionNO SUBDIVISION
- Zip Code46131
- Lot DescriptionTreeMature, NotInSubdv, AccStreet
- Date ListedDecember 10th, 2018
- Days on Market316
Price Change History for 3522 S Us Highway 31 Road, Franklin, IN (BLC® #21610593)
|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 22nd, 2019 at 5:54am CDT.