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NavX Realty

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$ 690,000

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1701 Lexington Avenue Springfield, OH 45505

6,468 SqFt

UPDATED:

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 Neoclassical

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

Virtual Tour https://www.propertypanorama.com/instaview/wrist/1034980

Listed by Real Estate II, Inc.

SCHOOLSPROPERTIES

Elementary Schools 20

9

Reid Elementary School

Public | KG - 5
8

Snowhill Elementary School

Public | KG - 6
5

Kenton Elementary School

Public | KG - 6
4

Perrin Woods Elementary School

Public | KG - 6
4

Lagonda Elementary School

Public | KG - 6
4

Kenwood Elementary School

Public | KG - 6
4

Mann Elementary School

Public | KG - 6
3

Springfield Preparatory and Fitness Academy

Public | KG - 8
3

Warder Park-Wayne Elementary School

Public | KG - 6
1

Fulton Elementary School

Public | KG - 6
1

Lincoln Elementary School

Public | KG - 6
1

Keifer Academy

Public | 1 - 12
0

Ridgewood School

Private | KG - 8
0

Springfield Christian School

Private | PK - 8
0

Springfield Academy of Excellence

Public | KG - 6
0

Risen Christ Lutheran School

Private | PK - 6
0

Covenant Childrens Academy

Private | PK - KG
0

Nightingale Montessori

Private | TKG - 12
0

Catholic Central School

Private | PK - 8
0

Twin Oaks Seventy-Day Adventist Elementary School

Private | 1 - 6

Middle Schools 6

5

Hayward Middle School

Public | 7 - 8
5

Roosevelt Middle School

Public | 7 - 8
4

Schaefer Middle School

Public | 7 - 8
0

Springfield-Clark County

Public | 7 - 12
0

Catholic Central High School

Private | 7 - 12
0

Reid Middle School

Public | 6 - 8

High Schools 4

1

Springfield High School

Public | 9 - 12
0

Global Impact STEM Academy

Public | 9 - 9
0

Cliff Park High School

Public | 9 - 12
0

Life Skills High School of Springfield

Public | 9 - 12

School and business data provided by Attom Data.

NavX Realty

Admin

NavX Realty

1701 Lexington Avenue Springfield, OH 45505

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1701 Lexington Avenue