General Commercial Office
108 N Lake Drive Lexington, SC 29072
108 N Lake Drive, Lexington, SC, 29072
$399,000
For Sale
$399,000
COMMERCIAL - Lexington, SC
Property Size1,600 SF
Lot Size0.01 Acres
Price / SF$249.38
Days on Market168
Property Features for 108 N Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- General Commercial
- Parking
- 4
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.01 Acres
Building Details
- Floors in Building
- 1
Listing agency
Southern Visions Realty I LLC
(803) 359-9571
Listed by
Doug Wilkes · License #61261
(803) 359-9571
Added: Feb 4 Updated: Jul 10 at 7:49AM Checked: Jul 22 at 5:06PM
MLS# 626229
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This centrally located commercial property offers a compact office/service configuration totaling 1,600 square feet on a 0.012-acre lot. The public remarks indicate it is well suited for office or service-oriented use, subject to zoning and applicable approvals.
The asset is positioned near Downtown Lexington and the town’s primary business and civic core, with municipal offices, professional services, multiple restaurants, and surrounding commercial activity described as nearby. A planned hotel is also referenced in the remarks for spring 2027.
Prospective buyers are advised to verify zoning, permitted uses, utilities, and all other property details. As noted in the disclaimer, CMLS has not reviewed and does not endorse any vendors that may appear in listings.
The asset is positioned near Downtown Lexington and the town’s primary business and civic core, with municipal offices, professional services, multiple restaurants, and surrounding commercial activity described as nearby. A planned hotel is also referenced in the remarks for spring 2027.
Prospective buyers are advised to verify zoning, permitted uses, utilities, and all other property details. As noted in the disclaimer, CMLS has not reviewed and does not endorse any vendors that may appear in listings.
Key Highlights
- Commercial opportunity near Downtown Lexington and the town’s primary business and civic core
- Close to municipal offices, professional services, and multiple restaurants
- Well‑suited for office or service‑oriented use, subject to zoning and approvals
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.5k | $19.08 |
| − Vacancy | −$1.9k | −$1.20 |
| EGI | $28.6k | $17.88 |
| − OpEx | −$7.2k | −$4.47 |
| NOI | $21.5k | $13.41 |
1,600 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$306.5K
$268.2K – $357.6K
NOI $21,454 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.7K
$376.0K – $501.3K
NOI $30,080 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The mobile home place
Real Estate Agency
Quality Carpet Care ...
Carpet Cleaning Service
All American SR22 ...
Insurance Agency
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FAQs
What type of property is this?
Office units - Zoned General Commercial, this small office/service building sits near downtown Lexington’s municipal and business core.
Where is this office units located?
The property is located at 108 N Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial opportunity near Downtown Lexington and the town’s primary business and civic core; Close to municipal offices, professional services, and multiple restaurants; Well‑suited for office or service‑oriented use, subject to zoning and approvals
