218 Cincinnati St Franklin, IN 46131-1413
This exceptional 5,038 square foot industrial property, situated on a 0.32-acre lot in downtown Franklin, Indiana, presents a fantastic opportunity for a growing business. The building boasts ample office space, adaptable to a variety of business needs. Recent upgrades include a new HVAC system and hot water tank, ensuring efficient and comfortable operation. A modern bathroom is also included. The substantial warehouse area features two gas heaters, providing reliable warmth, and excellent lighting throughout. A large overhead door facilitates easy loading and unloading of goods. The current owner has invested in significant improvements, creating a well-maintained and functional space. With over 5,000 square feet of versatile space, this property is ideal for a wide range of businesses seeking a prominent downtown location. The combination of office and warehouse space, coupled with the recent upgrades, makes this an attractive and ready-to-occupy commercial property. Its central location in Franklin offers excellent accessibility and visibility. This is a rare opportunity to acquire a well-maintained, upgraded industrial space in a thriving downtown area. The property is priced competitively at $450,000, reflecting its value and potential. Don't miss out on this chance to establish or expand your business in a prime Franklin location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.