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    418 5Th Ave Lexington, NC 27292

    Sponsored
    For Sale
    $220,000

    Prime Lexington office, 1904 sq ft, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional office building at 418 W 5th Avenue in Lexington, NC, presents a fantastic investment opportunity. The property boasts a total of 1,904 heated square feet, housed within a well-maintained brick structure. The interior layout is highly functional and includes a spacious reception area, perfect for welcoming clients and creating a professional first impression. Six individual offices provide ample space for staff or tenants, ensuring privacy and productivity. Two conveniently located bathrooms cater to the needs of both employees and visitors. A fully equipped kitchen adds to the building's practicality and convenience. The building benefits from a recently installed roof, minimizing maintenance concerns for the foreseeable future. Extensive client parking is readily available in a large concrete lot, ensuring ease of access and ample space for visitors. This property is ideally suited for a variety of professional uses and represents a strong value proposition in the Lexington commercial real estate market. The combination of its functional layout, recent improvements, and convenient parking makes this an attractive option for businesses seeking a well-established and easily accessible office space. The property is offered at $220,000. The lot size is zero acres.

    Property Features for 418 5Th Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Buggs Corey D Attorney Jane Carlos E Attorney 5TH AVE LAW ... Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -80.26383
    Latitude
    35.82388

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lexington office, 1904 sq ft, ample parking.
    Where is this office property / space located?
    The property is located at 418 5Th Ave Lexington, NC.
    What is the asking price?
    The asking price for this property is $220,000.
    (336) 992-0200
    Request Owner's contact information
    418 5Th Ave 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
    418 5Th Ave Lexington, NC 27292
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