Downtown Lexington Commercial Office
For Sale
$274,000
110 N Lake Dr, Lexington, SC 29073
Well-located office space near Lexington County Courthouse and Main Street.
Property Size1,190 SF
Price / SF$230.25
Days on Market254
Property Features for 110 N Lake Dr
General Information
Standard status
Active
Size
1,190 SF
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Doug Wilkes · License #61261
(803) 359-9571
Source:
Exprealty
Added: Feb 3
Changed: Oct 12
Last Checked: Oct 15 at 12:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Visions Realty I LLC
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Investment Insights
Based on property information with market context.
Located in the heart of Lexington, South Carolina, 110 N. Lake Drive offers a commercial office opportunity. The property is positioned steps from Main Street and Downtown Lexington, benefiting from accessibility, visibility, and proximity to civic and professional destinations. The surrounding area features a mix of established office, retail, residential, and municipal uses, creating a stable environment for professional and service-oriented businesses. Its central location supports convenient access for employees and clients while remaining closely connected to major local corridors serving the greater Lexington market. The property is near the Lexington County Court House, Lexington County and Town of Lexington Administration Buildings, restaurants, and nightlife. The property, with a size of 1190 square feet, is suited for owner-users or investors seeking a centrally located office asset in a steadily growing submarket.
Key Highlights
- Prime downtown Lexington location with high accessibility and visibility.
- Walking distance to Lexington County Courthouse, government buildings, restaurants, and nightlife.
- Proximity to Main Street and key civic/professional destinations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,956
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,120
$319.1K
Cap Rate 7%
$227,943
$227.9K
Cap Rate 9%
$177,289
$177.3K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$22.7K $19.08/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$21.3K $17.88/SF
− OpEx
−$5.3K −$4.47/SF
NOI
$16.0K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,120
Cap Rate 7%
$227,943
Cap Rate 9%
$177,289
Alternative Uses
Best Use
Office B
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.82%
Second Best
Mixed Use
$176.0K
$154.0K – $205.3K
NOI $12,317 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-located office space near Lexington County Courthouse and Main Street.
Where is this mixed-use property located?
The property is located at 110 N Lake Dr Lexington, SC.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: Prime downtown Lexington location with high accessibility and visibility.; Walking distance to Lexington County Courthouse, government buildings, restaurants, and nightlife.; Proximity to Main Street and key civic/professional destinations.
