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459 N Main Street, Lexington, TN 38351

$950,000
  • 459 N Main Street, Lexington, TN 38351 Main Photo

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BEDS0 BATHS0 MLS#2603910
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Unique Investment Opportunity - Ideal for Hotel, Airbnb, Apartments & Rental Income Discover a rare and highly versatile investment opportunity in Henderson County, Tennessee, offering approximately 9,888 square feet of existing space with an exceptional layout for an investor looking to create multiple rental units, mini-apartments, extended-stay accommodations, a boutique hotel, Airbnb/short-term rentals, or other hospitality concepts. Conveniently located just minutes from the popular Beech Lake Resort area, known for boating, fishing, recreation, and summer water sports, this property offers tremendous potential for generating multiple income streams. Upstairs - Exceptional Potential for Rental Units or Hospitality. The upstairs features 19 individual rooms, offering an existing configuration that could provide an excellent starting point for mini-apartments, efficiency units, extended-stay lodging, Airbnb accommodations, or individual rental suites. The upper level includes 19 private rooms of varying sizes, 4 bathrooms, 2 additional showers, a kitchenette, 2 additional sinks, 4 central HVAC units, 4 electrical breaker boxes, and existing network/cabling infrastructure. Two separate exits, including one with a private exterior stairwell, provide additional flexibility. Numerous private rooms already in place, this level presents exciting opportunity for an investor seeking to convert existing space into multiple income-producing units rather than starting from the ground up. Downstairs - Additional Income & Flexible Use Potential The downstairs offers approximately 10 rooms, 3 restrooms, 10 additional sinks, 3 central HVAC units, and multiple large open areas, including a 65' x 48' room, 27' x 34' room, and 28' x 17' room, along with offices and storage areas. This space could provide additional opportunities for rental suites, offices, business space, hospitality amenities, leasing space, or other income-producing uses. A large front foyer, multiple exits, handicap-accessible access, tile and ceramic flooring, existing workstations, and a recently installed security system add to the property's functionality. Additional Investment Opportunity The property offers approximately 30 marked parking spaces plus additional surrounding parking. There is also an opportunity to acquire the two adjacent properties, including an approximately 4,200-square-foot commercial shop/garage and a 1,130-square-foot home, creating even greater potential for additional rental income, storage, residential accommodations, commercial space, or mixed-use development. With nearly 10,000 square feet already divided into numerous individual rooms, substantial HVAC and electrical infrastructure, multiple bathrooms and sinks, abundant parking, and a location near Beech Lake, this property offers an investor the opportunity to explore a unique hospitality or multi-unit rental concept with the potential for multiple income streams. Ideal uses to explore include: Boutique Hotel ¢ Airbnb/Short-Term Rentals ¢ Extended-Stay Lodging ¢ Mini-Apartments ¢ Efficiency Rentals ¢ Rental Suites ¢ Office Suites ¢ Mixed-Use Investment. Contact Debbie Mays at 731-307-9536 to schedule a private showing and explore the income-producing possibilities of this unique Henderson County investment property.

459 N Main Street | MLS# 2603910

This multi-family property located at 459 N Main Street, Lexington, TN 38351 is currently listed for sale with an asking price of $950,000. Search Lexington real estate on online.fusion2b.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 34
Heating: Central
Lot Size: 0.40 Acres
Stories: 2.0
Taxes: $6,605
Year Built: 1996

Feature Descriptions

Appliances: Electric Water Heater, Washer/Dryer
Days on Site: 54
Exterior: Brick, Vinyl Siding
Flooring: Carpet, Ceramic Tile, Laminate, Tile
Interior Amenities: Open Floorplan, Shower Separate
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Lot: Level
Lot Dimensions: 119.5X223
Parcel #: 081E 008.00
Parking: Asphalt, Carport, Open, Outside, Other

Listed By / Shown By

Listed By

Agency Name: 7 Lakes Realty Inc.
Agency Phone: 731-967-7412

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: CWTAR MLS

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Estimated Payment

$ 2,941.79 per month $2,114.29 Principal & Interest $550.42 Property Tax $277.08 Homeowner's Insurance

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