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Listed by Jennifer Jellum • RE/MAX Central
$ 160,000
Est. payment | /mo
2,788 Sqft Lot
$ 160,000
Est. payment | /mo
2,788 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2521690
Year Built 1880
Annual Tax Amount $1,366
Lot Size 2,788 Sqft
Acres 0.064003676
Lot Dimensions 20x140
Property Sub-Type Business Opportunity
Source hmls
Property Description
This versatile 3-level property at 1007 Franklin Avenue in Lexington, MO offers endless potential for the savvy investor or business owner. Located in a high-visibility area, this building boasts large, beautiful windows that overlook Franklin Avenue, providing ample natural light and excellent exposure to foot traffic.
**Main Level:**
Currently set up as a diner, the main level is a prime space for a business venture. The layout can easily be adapted for various uses, whether you're looking to continue the diner or transform the space into a retail store, office, or service-based business. The commercial space features an open floor plan, a fully functional kitchen area, and restroom facilities, making it ready to accommodate a variety of business needs.
**Upper Level:**
The second level is configured as comfortable living quarters, making it an ideal space for the owner to live above their business, or as an AirBNB rental for added income. Alternatively, the current tenant could continue living in the space, offering an immediate income opportunity. The upper level includes cozy living areas, a kitchen, and a bathroom.
**Basement:**
The dry, walkout basement provides additional storage or potential space for further development. Its walkout access adds convenience and flexibility for future use, whether for expansion, storage, or even a workshop.
**Additional Features:**
- Large windows facing Franklin Avenue for visibility and natural light
- Ample street parking for customers and tenants
- Flexible layout for a variety of business and residential uses
- Located in a well-established area with good foot and vehicle traffic
Whether you are looking for a property that combines commercial and residential space or seeking an investment with income potential, 1007 Franklin Avenue is a must-see. Schedule your tour today and explore all the possibilities this unique building has to offer!
**Main Level:**
Currently set up as a diner, the main level is a prime space for a business venture. The layout can easily be adapted for various uses, whether you're looking to continue the diner or transform the space into a retail store, office, or service-based business. The commercial space features an open floor plan, a fully functional kitchen area, and restroom facilities, making it ready to accommodate a variety of business needs.
**Upper Level:**
The second level is configured as comfortable living quarters, making it an ideal space for the owner to live above their business, or as an AirBNB rental for added income. Alternatively, the current tenant could continue living in the space, offering an immediate income opportunity. The upper level includes cozy living areas, a kitchen, and a bathroom.
**Basement:**
The dry, walkout basement provides additional storage or potential space for further development. Its walkout access adds convenience and flexibility for future use, whether for expansion, storage, or even a workshop.
**Additional Features:**
- Large windows facing Franklin Avenue for visibility and natural light
- Ample street parking for customers and tenants
- Flexible layout for a variety of business and residential uses
- Located in a well-established area with good foot and vehicle traffic
Whether you are looking for a property that combines commercial and residential space or seeking an investment with income potential, 1007 Franklin Avenue is a must-see. Schedule your tour today and explore all the possibilities this unique building has to offer!
Location
State MO
County Lafayette
Zoning Comm
Interior
Interior Features Public Restroom
Fireplace N
Exterior
Utilities Available Service - 220v, Water/Sewer
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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