4689 State Road 135 Franklin, IN 46131
This exceptional 0.47-acre mixed-use property at 4689 N State Road 135 in Franklin, Indiana, presents a compelling investment opportunity. The property boasts a total of 2,504 square feet of space, divided between two buildings. The main structure, a pole barn measuring approximately 36x45 feet (1620 sq ft), currently operates as an auto body shop and includes a car ramp, compressor, tools, and equipment (negotiable). A smaller building, approximately 17x52 feet (884 sq ft), serves as a paint shop. Both buildings are equipped with electricity, gas, and well water. A small storage shed is also located on the property. The property is currently zoned C-3 General Commercial Business, offering considerable flexibility for a variety of uses. The seller is highly motivated and open to offers. Approximately two-thirds of the 0.47-acre lot is currently undeveloped grassy land. Potential uses include, but are not limited to, car sales, daycare centers, restaurants, veterinary clinics, and various service and repair shops. Note that two adjacent properties to the west are currently listed for sale, and two properties to the east are pending sale. This presents a unique chance to acquire a strategically located commercial property with significant redevelopment potential in a growing area. The asking price is $389,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.