The subject is located at 1880 Washington Avenue in Lexington, Missouri. Lexington, Missouri is in the northwestern portion of the state approximately 50 miles east of the Kansas City MSA and approximately 220 miles west of the St. Louis MSA. Lexington, Missouri has a 2016 population of 4,819 people with a median household income of $43,951. The city is semi-rural and has had a population base of approximately 4,500 to 5,000 people for the past 100 years. According to the Census Bureau, the population of Lexington increased 0.33% per year from 2010 to 2016 with a 2016 homeownership rate of 64.14%. The following analysis focuses on the social, economic, government, and environmental forces that form the elements of supply and demand and subsequently affect local real estate values.
The economy is heavily reliant on the Lafayette Regional Health Center, which is expected to continue operations due to current trends in health care. The cost of living and doing business in Lexington, Missouri is low, which also bodes well for the area.
Downtown Lexington is located approximately one mile west of the subject and features several additional support services in the area. Lexington, Missouri is also home to the Battle of Lexington State Historic Site, where the American Civil War battle took place in 1861. Lexington, Missouri was also home to the oldest operating military academy west of the Mississippi River in the United States (subject).
The subject can be accessed by Washington Avenue from South 17th Street through South 21st Street. The following map show access to the subject and the local area.
©CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.