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1007 Franklin Avenue

Lexington, MO 64067
  • $160,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: 2521690
$160,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1880
County:

School Ratings & Info

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!

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Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2025, Heartland Multiple Listing Service, Inc. Heartland MLS and Keller Williams KC - Northland do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2025-02-16T23:45:12.927.

Based on information submitted to the MLS GRID as of 2025-02-16T23:45:12.927 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.ericcraigrealestateteam.com/homes/158402366
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1007 Franklin Avenue Lexington, MO 64067

  • Price: $160,000
  • Status: Active
  • On Site: 77 Days
  • ID#: 2521690
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1880
Built
Neighborhood:
210 - Lafayette County, Mo
County:
Lafayette
Area:
210 - Lafayette County, Mo
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!
Exterior Features

Number Of Docks 0 Number Of Drive In Doors 0 Parking Features Other Road Frontage Type City Street Road Responsibility Public Maintenance Road Surface Type Asphalt

Interior Features

Interior Features Public Restroom

Property Features

Age Description 101 Years/More Business Type Restaurant Current Use Restaurant In Flood Plain No Inside City Limits Yes Leased YN No Listing Agreement Exclusive Right To Sell Listing Terms CashConventional Location Features City LocationEnd Unit Maintenance Provided YN No Occupancy Description Tenant OccupiedVacant Possession Funding Property Sub Type Business Opportunity Sale Includes Building Only Tax Total Amount 1366 Transaction Type Sale Utilities Service - 220vWater/Sewer Zoning Comm

Listing information © 2025 Heartland MLS as distributed by MLSGRID.
Listing courtesy of RE/MAX Central.



Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2025, Heartland Multiple Listing Service, Inc. Heartland MLS and Keller Williams KC - Northland do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2025-02-16T23:45:12.927.

Based on information submitted to the MLS GRID as of 2025-02-16T23:45:12.927 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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