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    121 Center St Lexington, NC 27292

    Sponsored
    For Sale
    $1,200,000

    Downtown Lexington, Income-Producing Office

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial investment opportunity presents a fully renovated office building situated just 100 yards from the Davidson County Courthouse in Lexington, NC. The property, priced at $1,200,000, boasts a completely updated interior, including a new roof, new air conditioning in the detached apartment, and a fully modernized electrical system with brand new wiring. A detailed list of renovations is available upon request. The main office space is move-in ready and can comfortably accommodate six or more offices, featuring 1.5 bathrooms, a kitchen, a laundry room, and a partially unfinished basement. Adding to its income potential is a detached brick apartment, approximately 600 square feet, comprising a living area, two bedrooms, and a kitchen. The property also includes a paved parking area. This versatile building is ideally suited for a variety of professional uses, including law offices, medical practices, accounting firms, or surveying companies. The property is offered with owner financing for qualified buyers, subject to acceptable offer terms. This is a rare opportunity to acquire a prime commercial property in the thriving city of Lexington. Leasing of the property is not currently available. The property is not located on a lot with acreage.

    Property Features for 121 Center St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1926
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    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
    -80.25645
    Latitude
    35.82626

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Lexington, Income-Producing Office
    Where is this office property / space located?
    The property is located at 121 Center St Lexington, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (336) 798-3750
    Request Owner's contact information
    121 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
    121 Center St Lexington, NC 27292
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