Mixed-Use Property with
For Sale
$750,000
2040 S Lake Drive, Lexington, SC 29072
COMMERCIAL/INDUSTRIAL, Lexington, SC
Property Size10,000 SF
Lot Size1.07 Acres
Price / SF$75
Days on Market152
Property Features for 2040 S Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Parking
15
Directions
From Lexington, take Louth Lake/HWY 6 and cross 1-20 towards Red Bank. Cross Platt Springs Road and the property will be on your right.
Subdivision
Lexington and surrounding area
Standard status
Active
Size
10,000 SF
Lot size
1.07 Acres
Amenities
LED signage
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Angela Cash
(803) 359-9571
Added: May 15
Changed: Oct 2
Last Checked: Oct 13 at 6:06PM
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 10,000-square-foot mixed-use property combines a four-suite retail component with LED signage, three one-bedroom apartments, a double-wide unit, and a camper. The improvements also include a 2,000-square-foot warehouse, creating a varied commercial and residential configuration. The property is zoned ID and occupies 1.07 acres.
Located at 2040 S Lake Drive in Lexington, the site provides 110 feet of road frontage. Nearby retailers include Walmart, Publix, and Tractor Supply. On-site infrastructure includes five septic tanks and two 4-inch submersible wells. The property is fully occupied across its retail and residential units and is described as income-producing.
Located at 2040 S Lake Drive in Lexington, the site provides 110 feet of road frontage. Nearby retailers include Walmart, Publix, and Tractor Supply. On-site infrastructure includes five septic tanks and two 4-inch submersible wells. The property is fully occupied across its retail and residential units and is described as income-producing.
Key Highlights
- 10,000‑square‑foot mixed‑use property on 1.07 acres
- Retail 4‑plex with LED signage
- Three one‑bedroom apartments, one double‑wide, and one camper
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,026
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,520
$1.4M
Cap Rate 7%
$971,800
$971.8K
Cap Rate 9%
$755,844
$755.8K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$132.0K $13.20/SF
− Vacancy
−$8.3K −$0.83/SF
EGI
$123.7K $12.37/SF
− OpEx
−$55.7K −$5.57/SF
NOI
$68.0K $6.80/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,520
Cap Rate 7%
$971,800
Cap Rate 9%
$755,844
Alternative Uses
Best Use
Mixed Use
$1.48M
$1.29M – $1.73M
NOI $103,500 @ 7.0% cap · market cap 13.80%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,695 @ 7.0% cap · market cap 13.43%
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail, residential, and warehouse components occupy a mixed-use commercial property.
Where is this mixed-use property 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: 10,000‑square‑foot mixed‑use property on 1.07 acres; Retail 4‑plex with LED signage; Three one‑bedroom apartments, one double‑wide, and one camper
