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    1301 Cotton Grove Rd Lexington, NC 27292

    For Sale
    $233,000

    Investment - Lexington, NC

    Days on Market:
    216
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1301 Cotton Grove Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B

    Building Details

    Architectural style
    Other

    Price & Associates - Realtors (336) 250-4173 [email protected]

    Listing agent Merrick Dyson (336) 250-4173

    Listing date May 4, 2025

    MLS# 1175737 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

    Commercial Land in Growing Area

    This commercial property is situated in a fast-growing area with major new developments planned. The location is near restaurants and shopping centers. An upcoming residential development featuring up to 375 single-family homes and a new Sheetz are planned nearby. Sewer, water, and power are available through Lexington Utilities. The existing house on the property has no value, and the seller is offering $7,500 in concession to buyers for its demolition. The property is located in Lexington, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.262317
    Latitude
    35.789495

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    FAQs

    What type of property is this?
    Commercial land - Commercial property in fast-growing area near new developments.
    Where is this commercial land located?
    The property is located at 1301 Cotton Grove Rd Lexington, NC.
    What is the asking price?
    The asking price for this property is $233,000.
    What are key features of this property?
    This property features: - Prime location in a fast-growing area with major new developments planned.; - Opportunity to secure property before values increase.; - Proximity to restaurants and shopping centers.
    (336) 250-4173
    Request Owner's contact information
    1301 Cotton Grove Rd Lexington, NC 27292
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    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
    1301 Cotton Grove Rd Lexington, NC 27292
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