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  • Price$495,000
  • Acres5.70
  • Built1942

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.

Essential Information

  • BLC® #21610593
  • Price$495,000
  • Bathrooms0.00
  • Acres5.70
  • Year Built1942
  • TypeMulti-Family
  • StatusActive

Amenities

  • ParkingPavedArea

School Information

  • DistrictFranklin Community

Listing Details

  • Listing OfficeJeff Paxson Team

Community Information

  • Address3522 S Us Highway 31 Road
  • AreaJohnson - Blue River
  • SubdivisionNO SUBDIVISION
  • CityFranklin
  • CountyJohnson
  • StateIN
  • Zip Code46131

Exterior

  • ExteriorOther
  • Lot DescriptionTreeMature, NotInSubdv, AccStreet

Additional Information

  • Date ListedDecember 10th, 2018
  • Days on Market316
  • Zoningbus

Price Change History for 3522 S Us Highway 31 Road, Franklin, IN (BLC® #21610593)

Date Details Change
Price Reduced from $525,000 to $495,000 $30,000 (5.71%)
Price Reduced from $550,000 to $525,000 $25,000 (4.55%)
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Listing information last updated on October 22nd, 2019 at 5:54am CDT.