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Multifamily Property with 19 Rooms
New
For Sale
$950,000

459 N Main St, Lexington, TN 38351

Multiple rooms, bathrooms, sinks, HVAC systems, and parking support evaluation of residential income or hospitality uses.

Property Size9,888 SF
Price / SF$96.08
Days on Market3

Property Features for 459 N Main St

General Information

Standard status Active
Size 9,888 SF
Total Parking Spaces 30
Property subtype Multi-Family

Building Details

Year Built 1996
Listing Agency: Wendell Alexander Realty
Listed By: Clear Choice Realty · License #290698
Source: Clearchoicerealtytn
Added: Aug 26 Changed: Aug 28 Last Checked: Aug 28 at 10:16AM

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 Wendell Alexander Realty

Investment Insights

Based on property information with market context.

This multifamily property contains approximately 9,888 square feet of existing space arranged across two levels. The upper floor includes 19 private rooms, 4 bathrooms, 2 additional showers, a kitchenette, 2 additional sinks, 4 central HVAC units, 4 electrical breaker boxes, network cabling, and two separate exits. One exit includes a private exterior stairwell.

The lower level adds approximately 10 rooms, 3 restrooms, 10 additional sinks, 3 central HVAC units, offices, storage, and several open areas, including rooms measuring 65' x 48', 27' x 34', and 28' x 17'. Additional features include a front foyer, multiple exits, handicap-accessible access, tile and ceramic flooring, workstations, and a recently installed security system.

The property includes approximately 30 marked parking spaces plus additional surrounding parking. It is located at 459 N Main St in Lexington, Tennessee, minutes from the Beech Lake Resort area.

Key Highlights

  • Approximately 9,888 square feet across two levels
  • Upper floor includes 19 private rooms, 4 bathrooms, 2 showers, and a kitchenette
  • Lower level has approximately 10 rooms, 3 restrooms, offices, storage, and open areas

Property Analytics

Current Use

Elite College of Cosmetology Vocational School Women's Resource-Rape Assstnc Social Service Agency Quality Construction Construction Company RMCT Advertising Agency

Suggested Use

Top Pick Building Supply Law Firm HVAC Service Garden Center Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

368
Businesses Nearby

Demographics for 38351, TN

17,838
Population
7,909
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
90%
High-School Grad
208.0 sq mi
ZIP Area
86
Density / Sq Mi
$53,573
Median Household Income
$37,256
Median Earnings
$809
Median Rent
$159,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multiple rooms, bathrooms, sinks, HVAC systems, and parking support evaluation of residential income or hospitality uses.
Where is this multifamily property located?
The property is located at 459 N Main St Lexington, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 9,888 square feet across two levels; Upper floor includes 19 private rooms, 4 bathrooms, 2 showers, and a kitchenette; Lower level has approximately 10 rooms, 3 restrooms, offices, storage, and open areas
More about this property
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