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    508 S Lexington Ave Burlington, NC 27215

    Sponsored
    For Sale
    $1,750,000

    COMMERCIAL - Burlington, NC

    Property size:
    11,184 SF
    Lot size:
    0.66 Acres
    Days on Market:
    232
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 508 S Lexington Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GB
    Exterior features
    Awning(s)
    Accessibility
    Accessible Elevator Installed
    Size
    11,184 SF
    Lot size
    0.66 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Floors in Building
    1

    Kelly Wirt Realty Group (336) 213-0936 [email protected]

    Listing agent Kelly Wirt (336) 213-0936

    Listing date May 19, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Burlington Office Building

    This 11,184 square foot office building is located in downtown Burlington, North Carolina. The two-story property is suitable for a variety of professional or corporate uses. The first floor includes a lobby, 8 private offices, a conference room, and a kitchen/break area. The second floor features 7 additional offices, another conference room, and a second kitchen/break space. The property is situated on a 0.66-acre lot and is currently occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M&S Suite Spaces Coworking Space R & B Legacy ... Property Management Company Global Strategic Business ... Business Development Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.436878
    Latitude
    36.090453

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    FAQs

    What type of property is this?
    Office building - Spacious office building in downtown Burlington, North Carolina.
    Where is this office building located?
    The property is located at 508 S Lexington Ave Burlington, NC.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Expansive 11,184 sq ft office building.; - Prime downtown Burlington, NC location.; - Two-story layout ideal for various professional/corporate uses.
    (336) 213-0936
    Request Owner's contact information
    508 S Lexington Ave Burlington, NC 27215
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    Burlington, NC 27215
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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
    508 S Lexington Ave Burlington, NC 27215
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