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    451 Columbia Ave Lexington, SC 29072

    For Sale
    $1,350,000

    Prime Downtown Location, 5600 sq ft, 28+ parking spaces

    Property size:
    5,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional retail property at 451 Columbia Avenue in Lexington, SC presents a remarkable investment opportunity. The 5,600 square foot building boasts a highly visible location in downtown Lexington, experiencing a significant daily traffic volume of approximately 31,300 vehicles. The property includes 28 on-site parking spaces, supplemented by an existing parking agreement with a neighboring shopping center, ensuring ample parking for customers and employees. The building features a brand new roof, a significant advantage for potential buyers. Currently configured as two separate units, each with its own bathroom, the space offers flexibility for a single tenant or the potential to lease to multiple occupants. The adaptable layout allows for easy conversion into a single, larger unit to suit various business needs. A convenient loading dock at the rear of the building provides efficient access for deliveries and inventory management. Situated on a 0.6-acre lot, this property offers substantial space and excellent visibility, making it an ideal location for a variety of retail businesses seeking a prominent presence in the thriving Lexington market. The asking price for this prime commercial real estate is $1,350,000.

    Property Features for 451 Columbia Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,600 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    2010
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Memories by Design Engraver Parker's of Lexington Trophy Shop

    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
    Lexington
    State
    South Carolina
    Longitude
    -81.24051
    Latitude
    33.98841

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    FAQs

    What type of property is this?
    Retail property - Prime Downtown Location, 5600 sq ft, 28+ parking spaces
    Where is this retail property located?
    The property is located at 451 Columbia Ave Lexington, SC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (803) 359-9571
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    451 Columbia Ave Lexington, SC 29072
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    Lexington, SC 29072
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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
    451 Columbia Ave Lexington, SC 29072
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