Property profile

4721 In-135 Franklin, IN 46131

OFF-MARKET
Land
9.8 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 9.8 ac (426,888 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4721 In-135 Franklin, IN 46131
Franklin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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