Historical Hotel & Motel Sale Listing - Millies Desperation Depot

Hotel & Motel For Sale

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Millies Desperation Depot

3522 S US Highway 31, Franklin, IN 46131

N/A

22 Rooms | Hotel & Motel

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Millies Desperation Depot

Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
22
Building Size:
7,892 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/Limited Service
Additional Sub-types:
Full Service
Restaurant
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
10.50%
No. Stories:
2
Year Built:
1942
Lot Size:
5.70 AC
Parking Ratio:
35 / 1,000 SF
Listing ID
14205771
Last Updated
over 1 year ago

Highlights

  • Three seperate buildings
  • State Highway location
  • good operating business inc at no add cost
  • fantastic cash flow
  • updated property
  • room to add

Description

In business over 30 years, This listing concist of three unique properties located on on undiivided 5.7 acre tract of land on US 31 in Amity Indiana which sits between Columbus & Franklin. Building #1 has bee Millies restaurant & bar for over 25 years and is locally famous for her fish and in the past hog fries. Bul #1 also has a residential rental overhead & lease space below. Bld#2 is an old 8 unit motel which is now used as weekley furnished rentals, Bld #3 is a 2 unit home with upper & lower level rentals. This property offers a chance togive an owner good cash flow. /All buildings updated over past few years. Owner wants to retire.

US Highway 31 in Amity Indiana between Columbus and Franklin at county road 350 South

Map of 3522 S US Highway 31, Franklin, IN 46131 (Johnson County)

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