This property is Off-Market

3522 S US Highway 31
Franklin, IN 46131 ·

22 Rooms · Hotel & Motel For Sale

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Millies Desperation Depot

Price N/A Commission Split 3%
No. Rooms 22 Cap Rate 10.50%
Building Size 7,892 SF No. Stories 2
Property Type Hotel & Motel Year Built 1942
Property Sub-type
Economy/Limited Service
More...
  • Full Service
  • Restaurant
Lot Size 5.70 AC
Property Use Type Investment Parking Ratio 35 / 1,000 SF
Listing ID: 14205771 Date Created: 05/10/2005 Last Updated: 06/23/2006

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

Highlights

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

Research

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

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