117 Granville Dr Franklin, IN 46131

Property Details for 117 Granville Dr

Lot size

4.70 lot acres

Property type

Land

Description

This exceptional 4.7-acre commercial land parcel presents a unique investment opportunity in Franklin, Indiana, a thriving suburb within the Indianapolis MSA. Located at the intersection of I-65 and IN-44/E King St, this property boasts unparalleled visibility with a combined 86,505 vehicles per day. The site is situated within the New Franklin Gateway Development, adjacent to recently constructed businesses including Culver’s, Starbucks, and Taco Bell, and a proposed hotel development. Nearby, established hotels include Hampton Inn & Suites, Fairfield Inn & Suites, and others. The area also features a brand-new 194-unit luxury apartment complex and a new ranch-style multifamily development across the street, indicating strong residential growth. This prime location benefits from excellent access to I-65 and a signalized intersection at the development entrance. Franklin's affluent population, part of the 2.1 million-person Indianapolis MSA, has seen significant growth, with a nearly 16% increase in the 10-mile radius since 2010. The property is zoned for commercial use and offers a fee simple ownership. The asking price is $2,749,500, translating to approximately $585,000 per acre. This represents a compelling investment in a high-growth area with strong existing and projected infrastructure. The proximity to Franklin College further enhances the long-term potential of this exceptional property.