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Purpose-Built Education and Commercial Facility

1224 Old Cherokee Road Lexington, SC 29072

New
1224 Old Cherokee Road, Lexington, SC, 29072
$2,000,000
For Sale
Claim this Listing
$2,000,000

COMMERCIAL - Lexington, SC

Property Size9,081 SF
Lot Size2.13 Acres
Price / SF$220.24
AddedJul 14
Days on Market1
Last RefreshJul 14 at 7:06 pm

Property Features for 1224 Old Cherokee Road

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Restrictive Development
Parking
30
Standard status
Active
Size
9,081 SF
Lot size
2.13 Acres

Utilities

Cooling system
Central Air

Building Details

Floors in Building
2

Listing agent Doug Wilkes License #61261

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

Listing date Jul 14, 2026

MLS# 638596

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.

Well-maintained, purpose-built educational and commercial facility totaling approximately 9,081 square feet, situated on approximately 2.13 acres. The building includes a welcoming reception area, administrative offices, multiple classrooms, kitchen facilities, indoor activity space, multiple restrooms, and outdoor recreation/playground areas. A covered entrance and ample on-site parking support everyday operations. The property is currently vacant, with existing furniture, fixtures, equipment, and other personal property on-site that may convey subject to seller approval and the terms of the purchase agreement.

Located near US-378 and downtown Lexington, the site is positioned close to major residential growth areas. Zoning is listed as Restrictive Development.

The floor plan is described as flexible and may support continued educational use or potential conversion to uses such as medical, professional office, nonprofit, religious, or community facilities, subject to applicable approvals.

Key Highlights

  • +/-9,081 SF purpose‑built educational and commercial facility designed for educational and childcare use
  • Situated on +/-2.13 acres with a covered entrance and ample on‑site parking
  • Interior includes reception area, administrative offices, multiple classrooms, kitchen facilities, indoor activity space, and multiple restrooms

Local Financial Insights For Healthcare Medical

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 $173.3k $19.08
− Vacancy −$10.9k −$1.20
EGI $162.3k $17.88
− OpEx −$64.9k −$7.15
NOI $97.4k $10.73
9,081 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$1.39M
$1.22M – $1.62M (±1% cap)
NOI $97,410 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M (±1% cap)
NOI $170,723 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Kid City Tutoring Service Kid City USA ... Daycare Center

Suggested Use

Restaurant Real Estate Agency Big Box & Wholesale Store Hair Salon Law Firm Dental Office Spa & Massage Center Nail Salon Pharmacy Storage Facility

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

FAQs

What type of property is this?
School - Well-maintained 9,081 SF facility with classrooms, indoor activity space, covered entrance, and ample on-site parking.
Where is this school located?
The property is located at 1224 Old Cherokee Road Lexington, SC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: +/-9,081 SF purpose‑built educational and commercial facility designed for educational and childcare use; Situated on +/-2.13 acres with a covered entrance and ample on‑site parking; Interior includes reception area, administrative offices, multiple classrooms, kitchen facilities, indoor activity space, and multiple restrooms
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