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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.

Bedrooms: 0 Property Type: Commercial
Bathrooms: 0 Year Built: 1942
Square Feet: 0 MLS #; 21603006
Lot Size: 5.7 acres Price: $550,000.00

Listing Map

Features and Amenities

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Listing provided courtesy of Jeff Paxson Team.

Information Deemed Reliable But Not Guaranteed. © 2018 Metropolitan Indianapolis Board of REALTORS®.