Mixed-Use Building with Salon
For Sale
$690,000
1701 Lexington Avenue, Springfield, OH 45505
Nine salon suites and three apartments occupy a renovated property with separate upper-level access.
Property Size6,468 SF
Price / SF$106.68
Days on Market741
Property Features for 1701 Lexington Avenue
General Information
Standard status
Active
Size
6,468 SF
Property subtype
Residential Income
Zoning
Multiple
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Amenities
community laundry
Attic
Building Details
Building Size
6,468 SF
Year Built
1891
Buildings
1
Stories
2
Units
3
Listing Agency:
Real Estate II Inc.
(937) 390-3119
Listed By:
Alva L Fulk · License #267155
(937) 360-6862
Source:
Dunphyrealestate
Added: Oct 14, 2024
Changed: Oct 23
Last Checked: Oct 23 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate II Inc.
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Investment Insights
Based on property information with market context.
At 6,468 square feet, this mixed-use property combines a salon suite operation with three apartments. The main floor contains nine salon suites, each averaging 9 by 11 feet, with two larger suites measuring 11 by 11 feet. Salon equipment includes shampoo bowls. The level also has an 11-by-11-foot office with its own entrance, two accessible bathrooms, a large waiting area and a 9-by-10-foot shared laundry room. Flooring has been replaced throughout, and the plumbing has been updated. The building has a flat roof and HVAC system.
Three apartments on the upper floor have a separate exterior entrance and are fully rented. One apartment has two bedrooms, one bathroom, a kitchen and living room. The units feature updated cabinetry, hard-surface floors and neutral paint. Communal laundry is located in the shared area at the top of the stairs. Off-street parking is available behind the building on a gravel lot, and a rear exit provides another way out. The property was built in 1891 and has multiple zoning designations.
Three apartments on the upper floor have a separate exterior entrance and are fully rented. One apartment has two bedrooms, one bathroom, a kitchen and living room. The units feature updated cabinetry, hard-surface floors and neutral paint. Communal laundry is located in the shared area at the top of the stairs. Off-street parking is available behind the building on a gravel lot, and a rear exit provides another way out. The property was built in 1891 and has multiple zoning designations.
Key Highlights
- 6,468‑square‑foot mixed‑use property with salon suites and three apartments
- Nine salon suites; average size is 9 by 11 feet, with two suites measuring 11 by 11 feet
- Salon suites include shampoo bowls; one 11‑by‑11‑foot office has a private entrance
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine salon suites and three apartments occupy a renovated property with separate upper-level access.
Where is this mixed-use property located?
The property is located at 1701 Lexington Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 6,468‑square‑foot mixed‑use property with salon suites and three apartments; Nine salon suites; average size is 9 by 11 feet, with two suites measuring 11 by 11 feet; Salon suites include shampoo bowls; one 11‑by‑11‑foot office has a private entrance
