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Historic brick exterior showcases classic architectural details in a vibrant downtown setting.
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A historic brick facade with classic multi-pane windows anchors this commercial-style building.
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Industrial details blend with rustic wood paneling and historic brick accents in this versatile space.
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Rich wood paneling frames a large picture window overlooking the neighborhood.
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Corrugated metal ceilings and wood wainscoting highlight this versatile open space.
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Corrugated metal ceilings and warm wood wainscoting define this versatile open interior space.
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Historic wood flooring guides the way down a long hallway with a service pass-through.
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Paneled walls and a compact vanity define this functional powder room space.
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A commercial exhaust hood and metal wall paneling define this versatile utility workspace.
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Industrial utility area features a large stainless steel commercial sink alongside corrugated metal walls.
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A wooden staircase stands alongside a large window in a room awaiting renovation.
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An ornate metallic ceiling crowns this classic room with an elegant fireplace.
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Ornate pressed tin ceilings and an exposed brick wall elevate this spacious living area.
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Intricate molding and a classic fireplace anchor this elegant space with historical character.
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Ornate gold tin ceilings and an exposed brick wall define this historic interior space.
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Ornate pressed tin ceilings and a classic fireplace define this character-filled living space.
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An ornate pressed metal ceiling complements the decorative fireplace and classic millwork in this room.
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Wood flooring and vertical paneled walls ground this functional kitchen workspace.
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Functional kitchen space featuring practical cabinetry and direct connections to adjoining rooms.
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An functional kitchen workspace features paneling walls and practical cabinetry.
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An upper landing area features wood paneling and a traditional wooden balustrade near a multi-pane window.
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Plush carpeting and a classic decorative mantel anchors this versatile lower level living space.
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Plush wall-to-wall carpeting and wood wainscoting anchor this versatile lower-level living area.
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A glass-enclosed walk-in shower stands adjacent to a classic single vanity.
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A historic vault door highlights this unfinished basement area with stone walls.
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Sturdy built-in wooden shelving optimizes storage potential in this concrete utility room.
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Ample built-in wooden shelving provides excellent storage potential in this concrete basement space.
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Historic brick architecture stands prominently in a charming downtown setting with convenient parking.
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Classic brick storefront architecture stands prominently along a paved street with dedicated parking.
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An aerial perspective captures the charming historic downtown district surrounded by dense green forest.
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Lush green trees encircle a vibrant town center featuring classic brick architecture.
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An aerial perspective reveals the historic brick architecture of a classic downtown commercial district.
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Urban mixed-use brick and concrete structure anchors a vibrant downtown setting with dedicated parking.
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An organized three-level floor plan details the spacious layout of this residential property.
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A Downtown Lexington Opportunity Full of Possibilities! If you're looking for a property that offers character, flexibility, and the potential for multiple income streams, take a closer look at 1007 Franklin Avenue. This distinctive two-story, approximately 2,400 sq ft commercial building is located in the heart of Downtown Lexington and is ready for its next chapter. Formerly home to a restaurant, the main level offers a flexible layout with plenty of potential for a restaurant, retail shop, professional office, event space, or a business of your own. The existing kitchen setup, including an exhaust hood, gives the space a head start for a future food-service concept. Upstairs, the second-floor apartment opens the door to additional possibilities: generate rental income, create an owner-occupied space, or incorporate it into your overall business plan. Add in basement storage with a walkout, and you have even more functional space to work with. A newer AC system adds to the property's appeal. At the same time, the combination of commercial space, an apartment, basement storage, and a prime downtown location creates an opportunity to explore multiple income streams under one roof. Whether you have a business dream, an investment strategy, or simply a vision for breathing new life into a downtown property, 1007 Franklin Avenue is ready for its next opportunity. Bring your ideas and see what you can create in the heart of historic Lexington!
- Directions
- From Business 13, turn left onto Franklin Ave. The building is on the left.
- City
- Lexington
- County
- Lafayette
- Property Type
- Business Opportunity / Business
- Listing Updated
- Sep 25, 2026 at 12:09pm
- MLS Number
- 2644124
- Property Tax
- $940
- Zoning
- $Comm
- Disclaimer
- The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
- The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.
- Information is deemed reliable but is not guaranteed.
Copyright © 2026 ELITE Realty.