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    1 State St Lexington, NC 27292

    Pending
    For Sale
    $229,900

    Investment - Lexington, NC

    Days on Market:
    22
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 1 State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    U
    Parking
    6

    Building Details

    Year built
    1890
    Architectural style
    Other

    BelleRose Estates (336) 309-9046 [email protected]

    Listing agent Leigh Chase (336) 309-9046

    Listing date Nov 14, 2025

    MLS# 1193522 Listing URL

    Copyright © 2025 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Grimes Brothers Mill Building

    This is an opportunity to own a piece of Lexington's history with the historic Grimes Brothers Mill building, a 4-story brick structure located near the center of downtown Lexington, North Carolina. The property is located in Davidson County, with a zoning designation of U. The building has many possibilities to bring life back to it and add to Lexington's Social District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.254438
    Latitude
    35.8252

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    FAQs

    What type of property is this?
    Manufacturing property - Four-story brick building in downtown Lexington with redevelopment potential.
    Where is this manufacturing property located?
    The property is located at 1 State St Lexington, NC.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Historic Grimes Brothers Mill building.; - Located near the center of downtown Lexington.; - **4-story brick structure.**
    (336) 309-9046
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    1 State St Lexington, NC 27292
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 State St Lexington, NC 27292
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