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    1526 Old Us Highway 64 Lexington, NC 27292

    Sponsored
    For Sale
    $550,000

    Established Junkyard, 2.67 Acres, Great Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2.67-acre industrial property in Lexington, NC, presents a remarkable business opportunity. The sale includes a well-established junkyard, complete with a substantial inventory (included in the $550,000 asking price). The property features a versatile brick building of approximately 1800 square feet, offering ample office space and a convenient bathroom. A two-bay garage is also included, equipped with a tire machine and lifts, enhancing operational efficiency. The property's prime Lexington location ensures excellent accessibility and visibility, making it ideal for continued operation as a junkyard or for a variety of other industrial uses. The expansive acreage provides significant room for expansion and future development. This turnkey operation offers immediate income potential and substantial long-term growth prospects. The property is ready for a new owner to capitalize on its existing infrastructure and strategic location. Serious inquiries are encouraged to explore this unique investment opportunity. The property is being sold as-is. Contact the listing agent for showing instructions.

    Property Features for 1526 Old Us Highway 64

    General Information

    Property type
    Industrial properties

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    HRM Auto Salvage Auto Parts Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.232
    Latitude
    35.81278

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    FAQs

    What type of property is this?
    Industrial property - Established Junkyard, 2.67 Acres, Great Location
    Where is this industrial property located?
    The property is located at 1526 Old Us Highway 64 Lexington, NC.
    What is the asking price?
    The asking price for this property is $550,000.
    (336) 217-9300
    Request Owner's contact information
    1526 Old Us Highway 64 Lexington, NC 27292
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    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
    1526 Old Us Highway 64 Lexington, NC 27292
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