1401 Amy Ln - Showroom CONDO FOR SALE


Franklin, IN 46131
$280,000 USD
812-219-6815
1401 Amy Ln, Franklin, IN for Sale
$280,000 USD
Showroom CONDO - FOR SALE
1/16
1,448 SF | Request Cap Rate

1401 Amy Ln
Franklin, IN 46131


OVERVIEW

NEW CONSTRUCTION — FULLY LEASED COMMERCIAL INVESTMENT 1,448 SF FLEX COMMERCIAL CONDO (Duplex 1 side is 1 unit) Franklin, Indiana ASKING PRICE: $280,000 per unit TURNKEY INCOME-PRODUCING INVESTMENT Own a brand-new commercial flex unit with an established tenant already in place. Investment Highlights • $280,000 purchase price • 1,448 SF new-construction flex space • $1,700/month current rent • $20,400 annual scheduled rental income • 7.29% gross rental yield • Tenant currently in place • Approximately 18 months remaining on current 3-year lease • New construction • Approximately 1,200 SF warehouse • Approximately 200 SF finished office • Private restroom • 10' drive-in overhead door • 12' clear ceiling height • Light-industrial/flex use • Franklin, Indiana location WHY THIS PROPERTY? BUY NEW — WITHOUT WAITING FOR A TENANT This is not a vacant commercial shell. The property is already leased and generating $1,700 per month in rental income. The purchaser acquires a newer commercial asset with an existing income stream and the potential for long-term appreciation. CURRENT INCOME Investment Metric Amount Purchase Price $280,000 Monthly Rent $1,700 Annual Scheduled Rent $20,400 Gross Rental Yield 7.29% Building Size 1,448 SF Price/SF $193.37 Gross rental yield is calculated before property taxes, insurance, association fees, maintenance, financing and other expenses. FUTURE OWNERSHIP STRUCTURE The development is transitioning toward an individual commercial condominium ownership structure with an Owners Association. The current modified-gross lease structure is expected to transition toward an NNN/Owners Association expense structure as the property is condoed. This provides the opportunity for the purchaser to own an individual commercial asset while common-area and shared-property responsibilities are managed through the Owners Association. IDEAL FOR INVESTORS Acquire a new commercial property with an existing tenant and established rental income. BUSINESS OWNERS Build equity by owning commercial real estate rather than leasing indefinitely. SMALL-BUSINESS OPERATORS Ideal for contractors, trades, service businesses, distributors, e-commerce operations, light industrial users and other businesses needing a combination of office and warehouse space. LIMITED AVAILABILITY Only two units are being offered for sale within this nine-unit development. Purchase one unit or inquire about purchasing both. $280,000 PER UNIT Private showings available by appointment. All financial figures, lease terms, association structure and future expense responsibilities should be independently verified by prospective purchasers. Buyer to conduct its own due diligence regarding zoning, taxes, insurance, association documents, lease terms and operating expenses.

FOR SALE DETAILS

PRICE

$280,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

9

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amy Lane Properties

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

13,032 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Light Industrial

APN/PARCEL ID

41-08-12-033-006.003-018

ASK ABOUT THIS PROPERTY

Christian RumpleRumple Rental Properties LLCMore Info
812-219-6815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Christian RumpleRumple Rental Properties LLCMore Info
812-219-6815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.