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1701 Lexington Avenue

Springfield, OH 45505
  • $690,000
  • STATUS: Active
  • ON SITE: 123 Days
  • ID#: 1034980
UPDATED: 112 min ago
$690,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,468
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1891
County:

School Ratings & Info

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!

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© 2025 Western Regional Information Systems & Technology, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NavX Realty. Data last updated: 2025-02-13T00:13:08.65
www.navxrealty.com/homes/156681536
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1701 Lexington Avenue Springfield, OH 45505

  • Price: $690,000
  • Status: Active
  • On Site: 123 Days
  • Updated: 112 min ago
  • ID#: 1034980
0
Beds
0
Baths
0
½ Baths
0.17
Acres
6,468
SQFT
$107
$/SQFT
1891
Built
Neighborhood:
Brain
County:
Clark
Area:
013 S OF MAIN / E OF LIMESTONE
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!
Exterior Features

Architectural Style Classic Exterior Vinyl Siding Foundation Cellar Land Info PlatResidential Lot Parking GravelParking Lot Road Frontage Type PavedPublic Road Road Surface Type Asphalt

Interior Features

Appliances DryerWasherRefrigeratorRangeGas Water Heater Basement Block Cooling Central Air Heating System Forced AirNatural Gas Inside Features AtticWood FloorsPartial Window Coverings Special Features Bath 1st FloorStorageRestroom(s)Open SpaceEquipment Included

Property Features

Auction No Business Only No Business Type Barber/BeautyRentalOther Condo Lot YN No Hoa Coa YN No Lease Price Each UnitSee RemarksMonthly Listing Cond YN No Net Income 57493.0000 New Financing CashConventional Possible Use See Remarks Rail Access Unknown Semi Annual Tax 1353.00 Sewer Public Sewer Structure Type BusinessSee RemarksDuplex Tax Year 2023 Total Expenses 19222.0000 Township Inside City Limits Utilities Natural Gas ConnectedSeparate MetersSewer Connected Water Source Supplied Water Zoning BusinessMultiple

Listing provided courtesy of Alva Fulk of Real Estate II, Inc.: (937) 390-3119.


© 2025 Western Regional Information Systems & Technology, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NavX Realty. Data last updated: 2025-02-13T00:13:08.65
 
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