2099 S Us Highway 31 Franklin, IN $ 700,000
2099 S Us Highway 31
$ 700,000
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2099 S Us Highway 31

Franklin, IN, 46131
$ 700,000
Baths0.0 Sq 1,800

Monthly Estimate*

$ 4,890

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Studio

Commercial Property for sale in Franklin, IN

for $700,000. This 1,800 square foot building was built in 1945 on a lot size of 7.95.

Seize an unparalleled investment opportunity with this versatile commercial property, a turnkey operation comprising a 9-room motel, complete with a cozy 2-bedroom apartment, ideal for on-site management or additional rental income. Accompanying this is a well-appointed campground, offering 17 RV slots equipped with plumbing and electric hookups, catering to the growing demand for outdoor experiences. Additionally, the property boasts a modern 3-bedroom, 2-bath home, constructed in 2018, offering comfortable living quarters or an attractive rental option. The expansive land features two large ponds, enhancing the scenic beauty and appeal for guests seeking relaxation or recreational activities. Located in a serene setting, yet conveniently accessible, this property promises a unique investment with diverse revenue streams. Don't miss out on this rare find that combines hospitality, residential, and outdoor leisure in one lucrative package.

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Commercial Pending

Price

$ 700,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,204

Style

Hotel/Motel

Lot Size

7.95

Year Built

1945

Town/City

Franklin

County/Region

Johnson

MLS | Web ID

21962575

Features
General
Utilities Cable Connected
Possession Negotiable
Zoning commercial
Year Built 1945
Township Needham
Levels One
Property SubType Hotel/Motel
Tax Year 2022
Current Use Apt>20
County Johnson
New Construction N
Property Type Commercial Sale
Facing Direction West
Status Pending
Directions GPS Friendly
High School Franklin Community High School
City Franklin
Buyer Agent Compensation 2.25
High School District Franklin Community School Corp
Total Units 8
MLS Area 4104 - Johnson - Needham
Lot Size Square Feet 346476
Waterfront Y/N Y
Street Name Us Highway 31
Middle/Junior High School Franklin Community Middle School
Days on Market 23
Standard Status Pending
Tax Lot 430036010002/00
Buyer Agent Compensation Type %
Legal Description Ne S36 T12 R4 Mp Franklin Communi
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Exterior
Parking Features Common Asphalt
Building Area Total 1800
Lot Size Acres 7.95
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Interior
Basement (Y/N) N
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* Excluded Features
List By
Hemrick Property Group Inc.

Broker

andy@hemrickpropertygroup.com

Email

Affordability Calculator

$5,240
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,890
Monthly Property Taxes
$350
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4045176 Elementary School
4052126 Middle School
Franklin Community High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2024$700,000 Listed Price

Map


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2099 S Us Highway 31, Franklin, IN, 46131 is a Commercial Property for sale at $700,000 with 1,800 sqft and a lot size of 7.95. 2099 S Us Highway 31 is a studio with 0.0 baths and was built in 1945. The property's zip code is 46131 which is in Franklin, IN