Versatile Lexington Warehouse with
557 W Main Street Lexington, GA 30648
For Sale
$389,000
COMMERCIAL - Lexington, GA
Property Size4,374 SF
Lot Size2.17 Acres
Price / SF$88.93
Days on Market105
Property Features for 557 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
L1 004
Size
4,374 SF
Lot size
2.17 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
2136
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1967
Building materials
Block, Brick, Concrete
Roof type
Metal
Listing Agency:
Georgia Premier RE Advisors
(706) 363-0099
Listed By:
Matthew L Smith
(706) 340-4724
Added: Apr 15
Changed: May 1
Last Checked: Jul 28 at 3:06PM
MLS# 10741988
Copyright © 2026 Georgia 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.
Investment Insights
Based on property information with market context.
This versatile property, situated within the city limits of Lexington, Georgia, encompasses approximately 2.17 acres. It features a warehouse/shop of approximately 3,200 square feet, equipped with three roll-up doors and an attached covered storage area of approximately 1,100 square feet. Additionally, there is approximately 1,134 square feet of recently updated office space, featuring new LVP flooring and fresh paint. The property is fully fenced with chain link. The site also includes a block building of approximately 1,000 square feet with high ceilings, and a pole shed of approximately 1,800 square feet. The property offers ample excess land suitable for expansion or outdoor operations. It is suitable for various service-based businesses seeking functionality and room to grow, such as auto mechanics, cabinet makers, landscapers, and towing companies.
Key Highlights
- +/- 2.17 acre property within city limits offering ample space for expansion or outdoor operations.
- +/-3,200 SF warehouse/shop with three roll‑up doors and 1,100 SF of attached covered storage.
- +/-1,134 SF of recently updated office space with new LVP flooring and fresh paint.
Financial Insights For Warehouse
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 | $41.5k | $9.48 |
| − Vacancy | −$3.7k | −$0.84 |
| EGI | $37.8k | $8.64 |
| − OpEx | −$5.7k | −$1.30 |
| NOI | $32.1k | $7.34 |
4,374 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 8.25%
Second Best
Industrial
$380.7K
$333.1K – $444.1K
NOI $26,646 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$1.05M
$922.6K – $1.23M
NOI $73,811 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 2.17 acre property with warehouse, office, and ample space.
Where is this flex space located?
The property is located at 557 W Main Street Lexington, GA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: +/- 2.17 acre property within city limits offering ample space for expansion or outdoor operations.; +/-3,200 SF warehouse/shop with three roll‑up doors and 1,100 SF of attached covered storage.; +/-1,134 SF of recently updated office space with new LVP flooring and fresh paint.
