Property profile

1760 Thornburg Ln Franklin, IN 46131

FOR SALE
Commercial land
Property ID
US31-0716560
1.05 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3.5-acre commercial land parcel presents a unique investment opportunity in the thriving Franklin, Indiana market. Located at 1760 Thornburg Ln, Franklin, IN 46131, this property boasts a highly desirable MXC (Mixed Use Commercial Corridor) zoning designation, allowing for a diverse range of development possibilities. The site offers significant visibility from State Road 44 and enjoys convenient access to Interstate 65, ensuring excellent connectivity and exposure to a large customer base. Ideal for retail establishments, apartment complexes, or mixed-use developments, this strategically positioned land is poised to capitalize on the rapid growth experienced in Johnson County. The expansive lot size provides ample space for ambitious projects, while the prime location guarantees high traffic volume and strong potential for return on investment. With its strategic location, flexible zoning, and significant acreage, this property represents a compelling opportunity for developers seeking a high-impact commercial venture in a dynamic and expanding market. The asking price is $1,450,000. Don't miss this chance to secure a prominent position in Franklin's burgeoning commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.05 ac (45,825 SF)
APN 41-08-13-041-119.000-018
UPID US31-0716560

Cap rate & NOI

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

Location

1760 Thornburg Ln Franklin, IN 46131
Franklin metro Census 611100 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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