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    817 Franklin Ave Lexington, MO 64067

    Sponsored
    For Sale
    Contact for pricing

    Build Your Dream Home in Historic Lexington!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,013 square foot residential lot is ideally situated in the heart of historic downtown Lexington, Missouri. Located at 817 Franklin Avenue, this property presents a unique opportunity to build a custom home in a charming and established community. The lot's generous size provides ample space for a substantial residence and landscaping, offering both privacy and convenience. The address places the property within easy walking distance of Lexington's vibrant downtown area, offering access to local shops, restaurants, and historical landmarks. This prime location combines the tranquility of a residential setting with the advantages of a thriving town center. The property is zoned for residential use, making it suitable for the construction of a single-family home. Utilities are readily available, simplifying the building process. With its desirable location and substantial size, this lot represents an excellent investment opportunity for those seeking to build their dream home in a picturesque Missouri town. The property is conveniently located in Lafayette County, Missouri, with the zip code 64067. Don't miss this chance to own a piece of Lexington's rich history and build your future. The asking price for this remarkable lot is $20,000.

    Property Features for 817 Franklin Ave

    General Information

    Property type
    Land

    HighLights

    • 7,013 sq ft residential lot in historic downtown Lexington, MO.
    • Located at 817 Franklin Avenue.
    • Ample space for a substantial home and landscaping.
    • Walkable to downtown Lexington's shops, restaurants, and landmarks.
    • Zoned residential, utilities available.
    • Asking price: $20,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.8852192
    Latitude
    39.1843794

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home in Historic Lexington!
    Where is this land located?
    The property is located at 817 Franklin Ave Lexington, MO.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: 7,013 sq ft residential lot in historic downtown Lexington, MO.; Located at 817 Franklin Avenue.; Ample space for a substantial home and landscaping.
    Request Owner's contact information
    817 Franklin Ave Lexington, MO 64067
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    Lexington, MO 64067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    817 Franklin Ave Lexington, MO 64067
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