Development Land in Lexington,
For Sale
Contact for pricing
411 W Main St, Lexington, SC
2.93 acres suitable for hotel, restaurant, or medical development.
Property Size8,537 SF
Lot Size1.61 Acres
Price / SF$204.99
Days on Market1263
Property Features for 411 W Main St
General Information
Standard status
Active
Size
8,537 SF
Lot size
1.61 Acres
Property subtype
RETAIL
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 312-1908
Listed By:
David Brock · License #58004
Source:
Moodyscre
Added: Feb 16, 2023
Changed: Jul 6
Last Checked: Jul 21 at 4:56AM
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 ERA Wilder Realty Inc. - Columbia
Investment Insights
Based on property information with market context.
This property features approximately 2.93 acres of land available for development, presenting opportunities for hotel, restaurant, or medical facilities. It includes an 8,537-square-foot building in good condition. The location is in the heart of Lexington, South Carolina, an area experiencing significant growth. The business-friendly environment of Columbia, South Carolina, makes it an attractive option for companies looking to relocate or expand in the southeastern United States. South Carolina has a corporate income tax rate of 5%, the lowest in the Southeast, and the cost of living remains below the national average. Several large corporations, including Aflac, Verizon, and Amazon, have expanded in the market in recent years, adding nearly 3,000 jobs.
Key Highlights
- +/-2.93 acres for development in the heart of the City of Lexington.
- Suitable for hotel, restaurant, or medical use.
- Building in great condition with 8,537 SF.
Financial Insights For Retail
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 | $128.1k | $15.00 |
| − Vacancy | −$5.3k | −$0.61 |
| EGI | $122.8k | $14.39 |
| − OpEx | −$36.8k | −$4.32 |
| NOI | $86.0k | $10.07 |
8,537 SF · lease $15.00/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,963 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.01M – $2.67M
NOI $160,495 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 36%
Home Improvements & Furnishings 24%
Mi Rancho
Dining
6,799 visits/mo
0.2 miles
Mobil
Shops & Services
5,500 visits/mo
0.3 miles
Bob's Ace Hardware Inc
Home Improvements & Furnishings
5,472 visits/mo
0.4 miles
Citgo
Shops & Services
3,626 visits/mo
0.2 miles
China Star
Dining
1,508 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Individual retail property - 2.93 acres suitable for hotel, restaurant, or medical development.
Where is this individual retail property located?
The property is located at 411 W Main St Lexington, SC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: +/-2.93 acres for development in the heart of the City of Lexington.; Suitable for hotel, restaurant, or medical use.; Building in great condition with 8,537 SF.
