459 N Main Street, Lexington, TN 38351
Active $950,000
No Baths
-- Beds
0 SqFt
0.4 Acres
- 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.
- Year Built: 1996
- Air: Central Air
- Heat: Central
- Water: Public
- Sewer: Public Sewer
MLS#: 2603910
I'd love to show you this property. — Michelle
Michelle Pruett, REALTOR®
Affiliate Broker, HUNTINGDON
731-415-6334
Born and raised in Huntingdon, TN, Michelle Pruett knows this community inside and out. After owning and operating a local salon for 25 years, she understands the value of relationships, communication...
Hi, I'm Michelle.
I'd love to walk you through this property. Let me know when works for you — I'll make it easy.