2401 Main StLexington, MO 64067

Property Details for 2401 Main St

Year built

1957

Lot size

0.75 AC

Property size (Sq ft)

7,564 SF

Property type

Retail properties

APN

03-8.0-34-1-001-020.000

APU

380341001020000

Description

This exceptional retail property, situated at 2401 Main Street in Lexington, Missouri, presents a compelling investment opportunity. Boasting a highly visible corner lot near Highway 24, this former ACE Hardware store offers approximately 5,000 square feet of retail space. The property includes convenient features such as ample parking, a prominent pylon sign for enhanced visibility, and a loading dock. Internal improvements include well-maintained offices and a workshop area, adding versatility to the space. The building benefits from a newer HVAC system, ensuring efficient climate control. This property sits on a 0.75-acre lot, providing ample space for operations and potential expansion. The asking price is $300,000. This property is part of a three-property portfolio that also includes a lumber yard and a warehouse (MLS numbers 2522998 and 2523006), offering the potential for a larger investment. However, this retail space is available for purchase individually, providing flexibility for buyers. Its prime location and versatile layout make it an ideal space for a variety of retail businesses. The combination of high visibility, convenient amenities, and a competitive price point makes this a truly attractive opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,084,249

  6.5%

  $1,923,922

  7%

  $1,786,499

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,486,017

  Geo Method

  $1,486,017

• Alternative Use

  Use

  Valuation

  Residential

  $1,622,900

  Hospitality

  $1,486,568

  Educational

  $1,236,807

  Medical

  $1,279,343

  Retail

  $1,923,922

Location Insight

City

Lexington

County

Lafayette

State

Missouri

Latitude

39.1847

Longitude

-93.8661

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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