Mixed-Use Retail and Residential
2040 S Lake Drive Lexington, SC 29072
2040 S Lake Drive, Lexington, SC, 29072
$750,000
For Sale
$750,000
COMMERCIAL - Lexington, SC
Property Size10,000 SF
Lot Size1.07 Acres
Price / SF$75
Days on Market68
Property Features for 2040 S Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- ID
- Parking
- 15
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 1.07 Acres
Building Details
- Floors in Building
- 1
Listing agency
Southern Visions Realty I LLC
(803) 359-9571
Listed by
Angela Cash
(803) 359-9571
Added: May 15 Updated: Jul 21 at 12:52PM Checked: Jul 21 at 5:06PM
MLS# 635001
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.
This for-sale mixed-use property sits on 1.07 acres and includes multiple income-producing units. The configuration features a retail 4-plex with LED signage, three one-bedroom apartments, one double-wide, a camper unit, and a 2,000-square-foot warehouse. The property is supported by five septic tanks and two 4-inch submergible wells.
The site has 110 feet of road frontage on S. Lake Drive. The public remarks indicate the property is located near major retail including Walmart, Publix, and Tractor Supply, with all retail and residential units currently occupied.
According to the listing remarks, the property is generating $105,300 in gross income at the time of listing, with all occupied retail and residential units providing opportunities for value-add.
The site has 110 feet of road frontage on S. Lake Drive. The public remarks indicate the property is located near major retail including Walmart, Publix, and Tractor Supply, with all retail and residential units currently occupied.
According to the listing remarks, the property is generating $105,300 in gross income at the time of listing, with all occupied retail and residential units providing opportunities for value-add.
Key Highlights
- 1.07‑acre multi‑unit property with a retail 4‑plex, 3 one‑bedroom apartments, a double‑wide, a camper, and a 2,000 SF warehouse
- Currently generating $105,300 in gross income with all occupied retail and residential units
- Retail 4‑plex includes LED signage; property has 110 ft of road frontage on S. Lake
Local Financial Insights For Apartment 5plus
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 | $132.0k | $13.20 |
| − Vacancy | −$8.3k | −$0.83 |
| EGI | $123.7k | $12.37 |
| − OpEx | −$55.7k | −$5.57 |
| NOI | $68.0k | $6.80 |
10,000 SF · lease $13.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,695 @ 7.0% cap · market cap 13.43%
Second Best
Multifamily LT 5
$1.11M
$971.9K – $1.30M
NOI $77,755 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,000 @ 7.0% cap · market cap 25.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bradley Moore: Allstate ...
Insurance Agency
CATHERINE'S AFRICAN BRAIDS ...
Hair Salon
Tandem Accounting and Tax ...
Accounting Firm
3 Rays of Light ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-unit property on 1.07 acres includes a retail 4-plex with LED signage and multiple residential units plus a 2,000 SF warehouse.
Where is this retail space located?
The property is located at 2040 S Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1.07‑acre multi‑unit property with a retail 4‑plex, 3 one‑bedroom apartments, a double‑wide, a camper, and a 2,000 SF warehouse; Currently generating $105,300 in gross income with all occupied retail and residential units; Retail 4‑plex includes LED signage; property has 110 ft of road frontage on S. Lake
