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    Us Highway 64 Lexington, NC 27292

    For Sale
    $375,000

    Five-Acre Commercial/Industrial Lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional five-acre parcel, located at 0 E US Highway 64 in Lexington, NC, presents a unique investment opportunity. Priced at $375,000, the property is zoned for commercial or light industrial uses, making it ideal for a variety of businesses. Its versatile nature also lends itself perfectly to the development of storage units, catering to the growing demand for self-storage solutions in the area. The property boasts convenient access to essential utilities, including city of Lexington gas and electric services, as well as Davidson Water. While the exact square footage of the land is not currently specified, the five-acre lot size offers ample space for development and expansion. Prospective buyers should note that the land acreage is subject to a survey, ensuring accurate measurements prior to any purchase. This prime location on US Highway 64 provides excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors seeking a strategic foothold in the Lexington market. The property's versatility, coupled with its strategic location and readily available utilities, positions it as a highly desirable asset with significant potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for Us Highway 64

    General Information

    Property type
    Other commercial real estate
    Lot Size
    217,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.23332
    Latitude
    35.83076

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    FAQs

    What type of property is this?
    Commercial real estate - Five-Acre Commercial/Industrial Lot
    Where is this commercial real estate located?
    The property is located at Us Highway 64 Lexington, NC.
    What is the asking price?
    The asking price for this property is $375,000.
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    Us Highway 64 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
    Us Highway 64 Lexington, NC 27292
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