125 Memorial Drive, Franklin, KY 42134
$1,055,000
Property Type:
Commercial Sale
Square Footage:
7,150
Lot Size (sq. ft.):
47,916
Status:
Closed
Current Price:
$1,055,000
List Date:
6/25/2024
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 24013085
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Business
Status Change Information
- Status Change Timestamp
- 2024-10-17
- Purchase Contract Date
- 2024-07-01
- Close Date
- 2024-10-15
- Close Price
- 1055000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Simpson
- Street Number
- 125
- Street Name
- Memorial
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 42134
Contract
- Original List Price
- 1149900
- Start Showing Date
- 2024-06-25
- Listing Contract Date
- 2024-06-25
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- SP/LP
- 0.92
Tax Legal
- MLS Area Major
- 103 - Simpson County
- Subdivision Name
- Commercial
Interior
- Living Area
- 7150
More Information
Building
- Year Built
- 9999
Lot
- Lot Size Acres
- 1.1
- Lot Size Square Feet
- 47916
Remarks
- Public Remarks
- Now offering a rare chance to acquire a highly lucrative property in Franklin's rapidly expanding community. Located strategically below the hospital and medpark area, it boasts excellent visibility and is fully leased with annual rental increases. With a competitive cap rate, this investment opportunity promises stable returns and potential for growth in a sought-after location.
Tax & Legal
- Tax Rate
- 1.025
- Zoning Description
- COMM
- Directions
- From highway 31W, turn onto Memorial Drive. The property is about 500 feet on your left.
Possession
- Close Of Escrow
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Commercial
- Yes
- Mixed
- Yes
- Professional/Office
- Yes
Existing Lease Type
- Gross
- Yes
Property Features
Business Type:
Commercial; Mixed; Professional/Office
Existing Lease Type:
Gross
Possession:
Close Of Escrow
Special Listing Conditions:
Standard
Listing Office:
Keller Williams Commonwealth - Somerset
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.