Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    402 Martin Luther King Jr Blvd Lexington, NC 27292

    For Sale
    $95,000

    Unimproved Land - Lexington, NC

    Type:Unimproved Land
    Lot size:
    1.07 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 402 Martin Luther King Jr Blvd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    MU
    Lot size
    1.07 Acres

    Building Details

    Architectural style
    Other

    Leonard Craver Realty Inc (336) 249-0296 [email protected]

    Listing agent Jeffrey Todd Moorefield (336) 249-0296

    Listing date Nov 10, 2025

    MLS# 1188507 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

    Lexington Land Ready For Development

    This 1.07-acre lot is zoned for multi-use, presenting opportunities for development. The property is suitable for constructing a new residence or an apartment complex, and potentially launching a business. The location provides convenient access to North Main Street, Business 85, US Hwy 64, Old Hwy 64, I-85, and Hwy 52.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel HVAC Service Convenience Store Electrical Service Furniture Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.243629
    Latitude
    35.826088

    Nearby Similar for Sale

    • $349,900

      Prime Lexington Commercial Building

      High-traffic location, multiple offices, ample parking, ideal for investment.
      3995 Old Us Highway 52, Lexington, NC 27295
      View Details
    • $339,999

      Historic Office in Park Place

      Stately office space in Lexington's coveted historic district.
      501 2Nd Ave, Lexington, NC 27292
      View Details
    • $900,000

      Lexington Garage with Lifts

      2600 SF garage with lifts on high-traffic corner.
      521 S Main St, Lexington, NC 27292
      View Details
    • $750,000

      Turn Key Pawn Shop Opportunity

      Turn key pawn shop for sale with existing inventory.
      1105 S Main St, Lexington, NC 27292
      View Details
    • $649,999

      Lexington Car Wash Investment Opportunity

      Car wash with laser wash and hand wash bays for sale.
      1544 Old Us Highway 52, Lexington, NC 27295
      View Details
    • $229,900
      Pending

      Historic Grimes Brothers Mill Building

      Four-story brick building in downtown Lexington with redevelopment potential.
      1 State St, Lexington, NC 27292
      View Details

    FAQs

    What type of property is this?
    Land - 1.07-acre lot zoned for multi-use development near North Main Street.
    Where is this land located?
    The property is located at 402 Martin Luther King Jr Blvd Lexington, NC.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - 1.07-acre lot zoned for multi-use.; - Potential for constructing a new residence or apartments.; - Suitable for launching a business endeavor.
    (336) 249-0296
    Request Owner's contact information
    402 Martin Luther King Jr Blvd Lexington, NC 27292
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    402 Martin Luther King Jr Blvd
    Lexington, NC 27292
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    402 Martin Luther King Jr Blvd Lexington, NC 27292
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.