General Commercial Office Space

108 N Lake Drive Lexington, SC 29072

Claim this Listing
For Sale
$399,000

COMMERCIAL - Lexington, SC

Property size:
1,600 SF
Lot size:
0.01 Acres
Price / SF:
$249/SF
Added:
Feb 4, 2026
Days on Market:
156
Last Refresh:
Jul 10 at 9:06 pm

Property Features for 108 N Lake Drive

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
General Commercial
Parking
4
Standard status
Active
Size
1,600 SF
Lot size
0.01 Acres

Building Details

Floors in Building
1

Listing agent Doug Wilkes License #61261

Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC

Listing date Feb 4, 2026

MLS# 626229

Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This centrally located commercial property offers a compact office/service configuration totaling 1,600 square feet on a 0.012-acre lot. The public remarks indicate it is well suited for office or service-oriented use, subject to zoning and applicable approvals.

The asset is positioned near Downtown Lexington and the town’s primary business and civic core, with municipal offices, professional services, multiple restaurants, and surrounding commercial activity described as nearby. A planned hotel is also referenced in the remarks for spring 2027.

Prospective buyers are advised to verify zoning, permitted uses, utilities, and all other property details. As noted in the disclaimer, CMLS has not reviewed and does not endorse any vendors that may appear in listings.

Key Highlights

  • Commercial opportunity near Downtown Lexington and the town’s primary business and civic core
  • Close to municipal offices, professional services, and multiple restaurants
  • Well‑suited for office or service‑oriented use, subject to zoning and approvals

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $30.5k $19.08
− Vacancy −$1.9k −$1.20
EGI $28.6k $17.88
− OpEx −$7.2k −$4.47
NOI $21.5k $13.41
1,600 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 25.00%

Alternative Uses

Best Use
Office B
$306.5K
$268.2K – $357.6K (±1% cap)
NOI $21,454 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.7K
$376.0K – $501.3K (±1% cap)
NOI $30,080 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The mobile home place Real Estate Agency Quality Carpet Care ... Carpet Cleaning Service All American SR22 ... Insurance Agency

Suggested Use

Real Estate Agency Restaurant Building Supply HVAC Service Big Box & Wholesale Store Electrical Service Kitchen & Bath Showroom Plumbing Service Furniture & Home Goods Auto Parts Store

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

FAQs

What type of property is this?
Office units - Zoned General Commercial, this small office/service building sits near downtown Lexington’s municipal and business core.
Where is this office units located?
The property is located at 108 N Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial opportunity near Downtown Lexington and the town’s primary business and civic core; Close to municipal offices, professional services, and multiple restaurants; Well‑suited for office or service‑oriented use, subject to zoning and approvals
Contact an agent
More about this property
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