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Listed by Larry Thomas • Keller Williams Platinum Prtnr
$ 159,000
Est. payment | /mo
2,788 Sqft Lot
$ 159,000
Est. payment | /mo
2,788 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2644124
Year Built 1880
Annual Tax Amount $940
Lot Size 2,788 Sqft
Acres 0.064003676
Lot Dimensions 20x140
Property Sub-Type Business
Source hmls
Property Description
A Downtown Lexington Opportunity Full of Possibilities! If you're looking for a property that offers character, flexibility, and the potential for multiple income streams, take a closer look at 1007 Franklin Avenue. This distinctive two-story, approximately 2,400 sq ft commercial building is located in the heart of Downtown Lexington and is ready for its next chapter.
Formerly home to a restaurant, the main level offers a flexible layout with plenty of potential for a restaurant, retail shop, professional office, event space, or a business of your own. The existing kitchen setup, including an exhaust hood, gives the space a head start for a future food-service concept.
Upstairs, the second-floor apartment opens the door to additional possibilities: generate rental income, create an owner-occupied space, or incorporate it into your overall business plan. Add in basement storage with a walkout, and you have even more functional space to work with.
A newer AC system adds to the property's appeal. At the same time, the combination of commercial space, an apartment, basement storage, and a prime downtown location creates an opportunity to explore multiple income streams under one roof.
Whether you have a business dream, an investment strategy, or simply a vision for breathing new life into a downtown property, 1007 Franklin Avenue is ready for its next opportunity. Bring your ideas and see what you can create in the heart of historic Lexington!
Formerly home to a restaurant, the main level offers a flexible layout with plenty of potential for a restaurant, retail shop, professional office, event space, or a business of your own. The existing kitchen setup, including an exhaust hood, gives the space a head start for a future food-service concept.
Upstairs, the second-floor apartment opens the door to additional possibilities: generate rental income, create an owner-occupied space, or incorporate it into your overall business plan. Add in basement storage with a walkout, and you have even more functional space to work with.
A newer AC system adds to the property's appeal. At the same time, the combination of commercial space, an apartment, basement storage, and a prime downtown location creates an opportunity to explore multiple income streams under one roof.
Whether you have a business dream, an investment strategy, or simply a vision for breathing new life into a downtown property, 1007 Franklin Avenue is ready for its next opportunity. Bring your ideas and see what you can create in the heart of historic Lexington!
Location
State MO
County Lafayette
Zoning Comm
Interior
Interior Features Storage, In-Law Floorplan, Private Restroom, Public Restroom
Fireplace N
Exterior
Utilities Available Service - 220v, Water Available
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/1007-Franklin-Ave-Lexington-Mo-64067--HPI79198818
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Natalie Ricke
Licensed Real Estate Advisor License ID: 413597255