1701 Lexington Avenue, Springfield, Ohio 45505

$690,000
6,468
Square Feet
0
Acres
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 9×11 with 2 larger suites measuring 11×11.This level also offers 2 handicap accessible bathrooms plus a BIG entry waiting space. There’s even an office suite; 11×11 w/ a private entry. For added convenience, a 9×10 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!

Basic Details
  • Status
    Active
  • Property Type
    Commercial Sale
  • Listing Type
    For Sale
  • Listing ID
    1034980
  • Price
    $690,000
  • Square Footage
    6,468 Sqft
  • Year Built
    1891
  • Lot Area
    0.17 Sqft
  • Location
    United States, Ohio, Clark, Springfield, 45505
  • Subdivision Location
    Brain
Features
  • Heating System
    Forced Air, Natural Gas
  • Cooling System
    Central Air
  • Basement
    Block
  • Appliances
    Refrigerator, Dryer, Range, Washer, Gas Water Heater
  • Exterior
    Vinyl Siding
  • Inside Features
    Attic, Partial Window Coverings
  • Foundation
    Cellar
  • Special Feature
    Bath 1st Floor, Open Space, Storage, Restroom(s), Equipment Included
  • Utilities
    Separate Meters, Sewer Connected, Natural Gas Connected
Appliances
No data
Address Map
  • Street
    Lexington
  • Street Number
    1701
  • Street Suffix
    Avenue
  • Longitude
    W84° 12' 57.3''
  • Latitude
    N39° 55' 2.4''
  • Directions
    E High St to Ludlow to corner of Lexington.
Neighborhood
No data
Additional Information
  • Office Name
    Real Estate II, Inc.
  • Agent Name
    Alva Fulk
  • Area
    013 S OF MAIN / E OF LIMESTONE
  • Building Style
    Neoclassical
  • Tax Year
    2023
  • Lot Dimensions
    50x150
  • RATIO Current Price By SQFT
    $107
  • Semi Annual Tax
    $1,353
  • Virtual Tour
  • List Agent MLSID
    FULKBOTH108
  • Co Listing Office Email
  • Listing Member Phone
    (937) 360-6862 ext. 9373606862
  • Listing Office Phone
    (937) 390-3119
  • Co Listing Office Phone
    (937) 390-3119
  • CoListingMemberShortId
    FULKLOR108
  • CoListingMemberName
    Lori Fulk
  • Provider
    WRIST Inc.
  • Agent ID
    20190909195155524696000000
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
1701 Lexington Avenue, Springfield, Ohio 45505
Map
Listing information © 2025 WRIST Inc.
Listing provided by Alva Fulk of Real Estate II, Inc. : (937) 360-6862 ext. 9373606862.
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