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6250 Nashville Road
Franklin, KY 42134
Asking Price
$2.45M
Asset Type
Commercial Land
Class
Class B
What's Special
Prime Development Opportunity <p>Located in rapidly growing Franklin, KY, this 18.3 acre tract features 458 feet of US 31W (Nashville Rd) frontage. Concept shows 3.53 acres of frontage for commercial development with remaining 14.77 acres slated for 224 apartment units. Located across from The Mint Gaming Center/Kentucky Down, in between Interstate 65 TN exit 117 and KY exit 2. Former site of Franklin Drive-In. Owner/Agent.</p>
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NOI
$80,000
Cap Rate
3.27%
DSCR
0.55
Underwater
Cash-on-Cash
-8.91%
Monthly Payment
$12,121.263
Annual Cash Flow
$-65,455.159
