870 Mallory Pkwy Franklin, IN 46131-7733
This exceptional 26,737 square foot property, located at 870 Mallory Pkwy in Franklin, Indiana, presents a unique investment opportunity. Originally a successful cinema complex operating for over two decades, this single-story, 1999-built building boasts nine screens (seven indoor and two outdoor drive-in). The expansive 9.28-acre lot features ample paved and lighted parking. Its prime location, situated behind Kroger and Kohl's shopping centers, benefits from high visibility and convenient access just off US 31 South. The property's MXC Mixed Use Commercial zoning allows for diverse uses, including continued entertainment, retail, trade school, or business ventures. The high ceilings (19 feet) and existing infrastructure offer significant potential for adaptive reuse, such as a daycare center or church campus. The building includes a welcoming reception area and features an elevator. This versatile property is ideal for an investor seeking a high-impact commercial space in a thriving community near local schools and Franklin College. The entire 26,737 square feet is currently vacant, offering immediate occupancy. The property's APN is 41-08-15-014-001.021-009, and it's located in Johnson County, Indiana, zip code 46131.
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
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