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Mixed-Use Retail and Residential Property

2040 S Lake Drive Lexington, SC 29072

Claim this Listing
For Sale
$850,000

COMMERCIAL - Lexington, SC

Property size:
10,000 SF
Lot size:
1.07 Acres
Price / SF:
$85/SF
Added:
May 15, 2026
Days on Market:
57
Last Refresh:
Jul 10 at 10:06 pm

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 agent Angela Cash

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

Listing date May 15, 2026

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.

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 Warehouse

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 $94.8k $9.48
− Vacancy −$6.4k −$0.64
EGI $88.4k $8.84
− OpEx −$13.3k −$1.33
NOI $75.1k $7.51
10,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%

Alternative Uses

Best Use
Retail
$1.44M
$1.26M – $1.68M (±1% cap)
NOI $100,695 @ 7.0% cap · market cap 11.85%
Second Best
Warehouse
$1.07M
$938.8K – $1.25M (±1% cap)
NOI $75,101 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M (±1% cap)
NOI $188,000 @ 7.0% cap · market cap 22.12%
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

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Electrical Service (Bike/Boat/Book/etc) Store Garden Center Veterinary Clinic Barber Shop (Bike/Boat/Book/etc) Store

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

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 $850,000.
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
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More about this property
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