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Listed by Pardeep Singh • Keller Williams Indy Metro NE
$ 3,500,000
Est. payment /mo
New
188 Umbarger LN Franklin, IN 46131
21,840 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 21,840 sqft
Price per Sqft $160
MLS Listing ID 22068868
Year Built 1994
Tax Year 2024
Lot Size 2.510 Acres
Acres 2.51
Property Sub-Type Hotel/Motel
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.
Location
State IN
County Johnson
Zoning MRX
Interior
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 2
New Construction false
Schools
School District Franklin Community School Corp

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