34
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$690,000
Est. payment /mo
6,468 SqFt
Price Dropped by $10K
1701 Lexington Avenue Springfield, OH 45505
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UPDATED:
10/24/2024 02:41 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,468 sqft
Price per Sqft $106
Subdivision Brain
MLS Listing ID 1034980
Style Classic
Year Built 1891
Annual Tax Amount $2,706
Tax Year 2023
Lot Size 7,405 Sqft
Lot Dimensions 50x150
Property Description
This newly renovated & re-imagined duplex in the heart of the Brain All subdivision is a prime opportunity for the next business-minded buyer! Located in an area known for its rich entrepreneurial heritage, this corner property has been transformed into a Self-Care Beauty Multi-Plex, offering a perfect blend of modern convenience & historic charm. This unique business complex is a HUGE money maker with weekly cash-flow! *Weekly Cash Flow: 4 Fridays-$5637 or 5 Fridays-$6425 (Current rates with 1 suite vacancy)The main level features 9 fully equipped salon suites, complete w/ shampoo bowls, stylish suits & ample lighting. Designed w/ contemporary hard surface flooring, white trim, & sleek doors, the interior creates a fresh, professional atmosphere. All suites are rented on a weekly basis, w/ just one currently available for a new tenant. The average suite size is 9x11 with 2 larger suites measuring 11x11.This level also offers 2 handicap accessible bathrooms plus a BIG entry waiting space. There's even an office suite; 11x11 w/ a private entry. For added convenience, a 9x10 community laundry/washroom is available for suite owners, making daily operations smooth & hassle-free. The property boasts a low 5% vacancy rate, proving its strong rental history. *Upper Level Income: Monthly=$2050On the upper level (with outside entry) houses 3 fully rented apartments. 1 unit offers 2 bedrooms, 1 bath, kitchen & living room. These units have new cabinetry, hard surface flooring and same neutral interior paint.The stairway leads to the common area used for communal laundry facilities. These apartments are a great source of additional steady income. There is off street parking available behind building. Graveled lot. Back door exit accessible. Significant improvements including: new flooring in all units, updated plumbing, New flat roof. New HVAC system ensuring that this property is in move-in condition; turn-key business operation & equipped for the future!
Location
State OH
County Clark
Area 013 S Of Main / E Of Limestone
Zoning Business,Multiple
Rooms
Basement Block
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature Vinyl Siding
Utilities Available Natural Gas Connected, Separate Meters, Sewer Connected
Building
Foundation Cellar
Sewer Public Sewer
Water Supplied Water
Others
Ownership Non-Occupant
Financing Cash,Conventional
Listed by Real Estate II, Inc.
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