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    316 Center St Lexington, NC 27292

    Sponsored
    For Sale
    $549,000

    High-traffic location, mixed-use zoning.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.21-acre property, situated at 316 E Center Street in Lexington, North Carolina, presents a compelling development opportunity for discerning investors. Located on a high-traffic corridor, this parcel boasts a prime location near the vibrant Uptown Lexington and the Depot District, ensuring excellent visibility and accessibility. The property is zoned for mixed-use development, offering considerable flexibility for a range of commercial ventures. This allows for creative and diverse project planning, catering to a variety of business needs and maximizing potential returns. The strategic location within Lexington's thriving commercial landscape promises strong tenant demand and significant appreciation potential. The 1.21-acre lot size (per tax records) provides ample space for a substantial development project, allowing for expansive building plans and ample parking. This is a rare opportunity to acquire a strategically positioned property in a rapidly growing area, offering significant upside for the right developer. The asking price for this exceptional development site is $549,000. Serious inquiries are encouraged to explore the full potential of this remarkable property. Act quickly, as opportunities like this are seldom available.

    Property Features for 316 Center St

    General Information

    Property type
    Retail properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.24823
    Latitude
    35.82

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, mixed-use zoning.
    Where is this retail property located?
    The property is located at 316 Center St Lexington, NC.
    What is the asking price?
    The asking price for this property is $549,000.
    (336) 249-7948
    Request Owner's contact information
    316 Center St 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
    316 Center St Lexington, NC 27292
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