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    402 Martin Luther King Jr Blvd Lexington, NC 27292

    For Sale
    $95,000

    Remarks - Lexington, NC

    Days on Market:
    27
    Last Refresh:
    Dec 6 at 9:06 am

    Property Features for 402 Martin Luther King Jr Blvd

    General Information

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

    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# 1187460 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, NC Multi-Use Lot

    This 1.07-acre lot is zoned for multi-use, offering possibilities for constructing a new residence or launching a business endeavor. The property is conveniently located near North Main Street, with easy access to 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
    -80.243883
    Latitude
    35.826051

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    FAQs

    What type of property is this?
    Land - 1.07-acre lot zoned for multi-use 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 suitable for building.; - Zoned for Multi Use, allowing for residential or business construction.; - Convenient access to North Main Street.
    (336) 249-0296
    Request Owner's contact information
    402 Martin Luther King Jr Blvd 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
    402 Martin Luther King Jr Blvd Lexington, NC 27292
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