5.7 acres in Johnson County, Indiana
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5.7 acres in Johnson County, Indiana

3522 South US Highway 31 Road, Franklin , Indiana 46131 - Johnson County
$550,000 5.70 Acres
Property ID 6195749

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.

Directions

Start out going south on S State Road 135, Turn left onto Old Plank Rd/IN-144, Turn right onto S Morton St/US-31 S, 3522 S US Highway 31, Franklin, IN 46131 Is on the right.

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Jeff Paxson
Indy Metro South LLC

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