2625 N Hurricane Rd 40 Acres of Residential Land Offered at £1,431,460 in Franklin, IN 46131
INVESTMENT HIGHLIGHTS
- Fantastic location overlooking Legends of Indiana Golf Facility
EXECUTIVE SUMMARY
See attachments for both the approved 80 to 90 lot single family home development and a concept plan to change to a 13-lot development for large lot development with several lots over 2 acres. Current owners have done a lot of planning and pricing to develop this property. Document downloads include a large amount of data and planning done by Crossroads Engineering and several documents already have City of Franklin Approvals. Just to the west of this development is a new 300 plus lot DR Horton addition which has just begun to build homes. The current owners have received a lot of interest in lots at this location, but feel it may be time to offer to let someone with a lot of development experience or a long-term investor or 1031 buyer the opportunity to join in taking this forward. The Sellers are available for discussions and meetings to review all information.
PROPERTY FACTS
| Price | £1,431,460 |
| Sale Type | Investment or Owner User |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 40.00 AC |
| Tenancy | Single |
| Zoning | PUD - This property is approved as a PUD which has City approval to develope with a mixture of housing, see attached PUD plan |
1 LOT AVAILABLE
Lot
| Price | £1,431,460 |
| Price Per AC | £35,786.50 |
| Lot Size | 40.00 AC |
This offering is for 40 ACRE + OR - trac that is located just north of the legends Golf course and has overlooks the Creek nine of the legends and the current front nine of the par 3. This propert is already approved as a PHD Development
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PROPERTY TAXES
| Parcel Number | 41-08-01-042-003.003-018 | Improvements Assessment | £79,559 |
| Land Assessment | £134,482 | Total Assessment | £214,041 |
CONTACT
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Fred Paris - Fred Paris
