Former Bowling Alley Flex
For Sale
Contact for pricing
5380 Augusta Rd, Lexington, SC 29072
Former bowling alley with large open areas, high ceilings, and ample parking on 3.3 acres.
Property Size30,000 SF
Lot Size3.30 Acres
Price / SF$83.33
Days on Market590
Property Features for 5380 Augusta Rd
General Information
Standard status
Active
Size
30,000 SF
Lot size
3.30 Acres
Property subtype
FLEX_R_AND_D
Additional Details
Utilities to Site
Yes
Listing Agency:
ROI Commercial
(803) 900-8020
Listed By:
Sherri C. Burriss · License #70163
(803) 422-1109
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Oct 14
Last Checked: Oct 20 at 8:12PM
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 ROI Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This former bowling alley offers a flexible, conversion-ready layout with large open areas and high ceilings, providing a practical base for a wide range of uses. The property is described as having strong structural integrity and public water and sewer service, supporting renovation for immediate or future operations.
The building sits on 3.3 acres with ample parking, offering room for on-site operations and potential expansion. Located at 5380 Augusta Rd in Lexington, SC 29072, the site is positioned for retail-oriented or community-focused concepts.
With its substantial interior volume and spacious grounds, the property may fit adaptive conversions such as office use, showroom or big-box style retail, entertainment concepts, or religious/community event facilities, subject to applicable approvals and renovation scope.
The building sits on 3.3 acres with ample parking, offering room for on-site operations and potential expansion. Located at 5380 Augusta Rd in Lexington, SC 29072, the site is positioned for retail-oriented or community-focused concepts.
With its substantial interior volume and spacious grounds, the property may fit adaptive conversions such as office use, showroom or big-box style retail, entertainment concepts, or religious/community event facilities, subject to applicable approvals and renovation scope.
Key Highlights
- 30,000 SF former bowling alley with large open areas and high ceilings
- 3.3‑acre property with ample parking plus room for expansion
- Flexible layout suited for retail, showrooms, big box, or entertainment centers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,543
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,860
$3.7M
Cap Rate 7%
$2,650,614
$2.7M
Cap Rate 9%
$2,061,589
$2.1M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$284.4K $9.48/SF
− Vacancy
−$19.3K −$0.64/SF
EGI
$265.1K $8.84/SF
− OpEx
−$79.5K −$2.65/SF
NOI
$185.5K $6.18/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,860
Cap Rate 7%
$2,650,614
Cap Rate 9%
$2,061,589
Alternative Uses
Best Use
Office B
$5.75M
$5.03M – $6.70M
NOI $402,254 @ 7.0% cap · market cap 16.09%
Second Best
Retail
$4.32M
$3.78M – $5.03M
NOI $302,085 @ 7.0% cap · market cap 12.08%
Theoretical Best
Office A
$8.06M
$7.05M – $9.40M
NOI $563,999 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29072, SC
65,060
Population
26,951
Households
2.4
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
68.0 sq mi
ZIP Area
957
Density / Sq Mi
$103,415
Median Household Income
$55,500
Median Earnings
$1,317
Median Rent
$304,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Former bowling alley with large open areas, high ceilings, and ample parking on 3.3 acres.
Where is this flex space located?
The property is located at 5380 Augusta Rd Lexington, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 30,000 SF former bowling alley with large open areas and high ceilings; 3.3‑acre property with ample parking plus room for expansion; Flexible layout suited for retail, showrooms, big box, or entertainment centers
