4721 In-135 Franklin, IN 46131
This exceptional 9.8-acre development opportunity in Franklin, Indiana, presents a unique investment prospect. Located on State Road 135, the property boasts a prime location within the highly sought-after Center Grove School district. Currently zoned C-3, allowing for mixed commercial and residential use, this land aligns perfectly with Bargersville's 2040 Comprehensive Plan. The sale encompasses four parcels, offering flexibility for various development scenarios. Existing improvements include a 2,928 square foot leased automotive repair shop, a 1,200 square foot leased single-family home, and a 3,264 square foot storage building, generating immediate income potential. The asking price is $1,800,000, translating to approximately $183,673 per acre. This property's strategic location, zoning, and existing structures make it an ideal canvas for a diverse range of development projects, catering to both commercial and residential needs. The property's address is 4721 IN-135, Franklin, IN 46131, within Johnson County. This is a rare chance to acquire a substantial land parcel in a thriving area with excellent schools and strong community appeal. Don't miss this opportunity to capitalize on the growth potential of this highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.