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    1414 Lake Dr Lexington, SC 29073

    Sponsored
    For Sale
    $445,000

    High-traffic location, excellent lease in place.

    Property size:
    1,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This 1,760 square foot commercial office building is ideally situated at 1414 South Lake Drive in Lexington, SC, offering exceptional visibility and accessibility. Boasting a prime location near downtown Lexington and I-20, the property benefits from a high daily traffic count of almost 30,000 vehicles. The building features convenient ramp-front entry and ample parking for five vehicles directly on the site. The main level comprises four well-appointed office spaces, arranged with two offices flanking the entry and two additional offices located towards the rear. A full kitchen is also included on the main level, adding convenience for occupants. A significant advantage is the lower level, offering substantial basement storage space with independent exterior access. Currently operating as an insurance office, the property is secured by a lease agreement extending until December 2027, providing a stable income stream for the investor. The 0.66-acre lot ensures ample space and potential for future expansion or development. This property presents a compelling investment opportunity due to its strong location, existing lease, and versatile layout. The combination of high traffic visibility, convenient amenities, and a long-term lease makes this a rare find in the Lexington commercial market.

    Property Features for 1414 Lake Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,760 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1954
    Location Intelligence

    Current Use by Public Records

    Mark Rouse Jr ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.23863
    Latitude
    33.93445

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, excellent lease in place.
    Where is this commercial real estate located?
    The property is located at 1414 Lake Dr Lexington, SC.
    What is the asking price?
    The asking price for this property is $445,000.
    (803) 957-5566
    Request Owner's contact information
    1414 Lake Dr Lexington, SC 29073
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    Lexington, SC 29073
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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
    1414 Lake Dr Lexington, SC 29073
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