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

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.

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.
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