$3,500,000

188 Umbarger Lane, Franklin, IN 46131

  • 21,840 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1994
  • Property Lot Size Icon2.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $160/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

Exceptional investment opportunity in Franklin, IN - this Econo Lodge / Relax Inn hotel combo offers two established hospitality brands in one prime location. Together, the properties feature a total of 88 guest rooms (Econo Lodge: 50 rooms | Relax Inn: 38 rooms) connected by an interior corridor. Guests enjoy shared amenities including a heated indoor pool and guest laundry facilities, while the Relax Inn also features a meeting room for additional revenue potential. Both hotels have demonstrated steady revenue growth and strong operating performance. This dual-brand property presents a rare opportunity to acquire a profitable, well-maintained hospitality asset in a thriving market.

Listing Status:
Active
Listing Office:
Keller Williams Indy Metro NE : 317-746-0019
Listing Agent:
Pardeep Singh : 317-746-0019
MLS ID:
22068868
  • Parking: Common
  • Road/Access: City Street
  • Originating MLS: mibor
  • School District: Franklin Community School Corp
  • County: Johnson
  • Zoning: MRXE 1/2 Sw 1/4 S18 T12 R5 Tract B Mp Franklin Communi410718034004000018
  • Current Use: See Remarks
  • Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: mibor

This listing courtesy of Pardeep Singh, Keller Williams Indy Metro NE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Webb Elementary School

1400 Webb Ct, Franklin, IN, 46131

Grades KG-4

0.92 miles away

F

Franklin Community Middle School

625 Grizzly Cub Dr, Franklin, IN, 46131

Grades 7-8

2.39 miles away

F

Franklin Community High School

2600 Cumberland Dr, Franklin, IN, 46131

Grades 9-12

4.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.