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Two-Unit Storefront Property
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15 E 2nd St, Lexington, NC 27292

Downtown commercial property with recently executed leases for both retail units.

Property SizeContact for details
Days on Market142

Property Features for 15 E 2nd St

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Googe Realty Advisors
Listed By: Jordan Googe · License #281038
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 3:27PM

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 Googe Realty Advisors

Investment Insights

Based on property information with market context.

This storefront property contains two retail units within downtown Lexington, North Carolina. New leases were established for the units as of April 2025, providing an existing tenancy structure for the property.

The asset is situated in an economic development opportunity zone and occupies a centralized position between Raleigh and Charlotte. Its downtown setting and dual-unit configuration support continued retail use within Lexington’s commercial core.

Key Highlights

  • Two retail units in a downtown Lexington storefront property
  • New leases in place as of April 2025
  • Located within an economic development opportunity zone

Property Analytics

Current Use

Lexington Bike Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic HVAC Service Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,056
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 51% Dining 29% Home Improvements & Furnishings 20%
Lanier Ace Hardware Home Improvements & Furnishings
13,723 visits/mo 0.2 miles
Village Grill Dining
11,088 visits/mo 0.2 miles
WilcoHess Shops & Services
8,969 visits/mo 0.4 miles
Arby's Dining
8,435 visits/mo 0.2 miles
Truist Shops & Services
8,035 visits/mo 0.1 miles

Demographics for 27292, NC

39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Rae's Flower Shop 101 W 5th St, Lexington, NC 27292

Frequently Asked Questions

What type of property is this?
Storefront property - Downtown commercial property with recently executed leases for both retail units.
Where is this storefront property located?
The property is located at 15 E 2nd St Lexington, NC.
What are key features of this property?
This property features: Two retail units in a downtown Lexington storefront property; New leases in place as of April 2025; Located within an economic development opportunity zone
More about this property
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