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Executive Summary

NEW CONSTRUCTION — FULLY LEASED COMMERCIAL INVESTMENT 1,448 SF FLEX COMMERCIAL CONDO (Duplex 1 side is 1 unit) Franklin, Indiana ASKING PRICE: $280,000 per unit TURNKEY INCOME-PRODUCING INVESTMENT Own a brand-new commercial flex unit with an established tenant already in place. Investment Highlights • $280,000 purchase price • 1,448 SF new-construction flex space • $1,700/month current rent • $20,400 annual scheduled rental income • 7.29% gross rental yield • Tenant currently in place • Approximately 18 months remaining on current 3-year lease • New construction • Approximately 1,200 SF warehouse • Approximately 200 SF finished office • Private restroom • 10' drive-in overhead door • 12' clear ceiling height • Light-industrial/flex use • Franklin, Indiana location WHY THIS PROPERTY? BUY NEW — WITHOUT WAITING FOR A TENANT This is not a vacant commercial shell. The property is already leased and generating $1,700 per month in rental income. The purchaser acquires a newer commercial asset with an existing income stream and the potential for long-term appreciation. CURRENT INCOME Investment Metric Amount Purchase Price $280,000 Monthly Rent $1,700 Annual Scheduled Rent $20,400 Gross Rental Yield 7.29% Building Size 1,448 SF Price/SF $193.37 Gross rental yield is calculated before property taxes, insurance, association fees, maintenance, financing and other expenses. FUTURE OWNERSHIP STRUCTURE The development is transitioning toward an individual commercial condominium ownership structure with an Owners Association. The current modified-gross lease structure is expected to transition toward an NNN/Owners Association expense structure as the property is condoed. This provides the opportunity for the purchaser to own an individual commercial asset while common-area and shared-property responsibilities are managed through the Owners Association. IDEAL FOR INVESTORS Acquire a new commercial property with an existing tenant and established rental income. BUSINESS OWNERS Build equity by owning commercial real estate rather than leasing indefinitely. SMALL-BUSINESS OPERATORS Ideal for contractors, trades, service businesses, distributors, e-commerce operations, light industrial users and other businesses needing a combination of office and warehouse space. LIMITED AVAILABILITY Only two units are being offered for sale within this nine-unit development. Purchase one unit or inquire about purchasing both. $280,000 PER UNIT Private showings available by appointment. All financial figures, lease terms, association structure and future expense responsibilities should be independently verified by prospective purchasers. Buyer to conduct its own due diligence regarding zoning, taxes, insurance, association documents, lease terms and operating expenses.

9 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1401
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1403
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1405
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1407
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1409
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1411
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1413
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1415
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
  • Unit 1417
  • 1,448 SF
  • Flex
  • $280,000 ($193.37/SF)
  • -
Sale Type Investment
Unit Unit Size Condo Use Price NOI
Unit 1401 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1403 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1405 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1407 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1409 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1411 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1413 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1415 1,448 SF Flex $280,000 ($193.37/SF) -
Unit 1417 1,448 SF Flex $280,000 ($193.37/SF) -

Unit 1401

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1403

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1405

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1407

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1409

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1411

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1413

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1415

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1417

Unit Size
1,448 SF
Condo Use
Flex
Price
$280,000 ($193.37/SF)
NOI
-

Unit 1401

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1403

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1405

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1407

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1409

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1411

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1413

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1415

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Unit 1417

Unit Size 1,448 SF
Condo Use Flex
Price $280,000 ($193.37/SF)
NOI -
Sale Type Investment

Property Facts

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 13,032 SF
Property Type Flex
Property Subtype
Showroom
  • Flex Light Manufacturing
  • Flex Research & Development
  • FlexLight Distribution
Building Class A
Floors 1
Typical Floor Size 1,484 SF
Year Built 2025
Lot Size 0.91 AC
Zoning Light Industrial - Light Industrial

Amenities

  • 24 Hour Access
  • Signage
  • Car Charging Station
  • Air Conditioning
  • Fiber Optic Internet

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
  • Listing ID: 41174958

  • Date on Market: 7/6/2026

  • Last Updated:

  • Address: 1401 Amy Ln, Franklin, IN 46131

Contact the Sale Advisor

1401 Amy Ln - Amy Lane Properties

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