Commercially Zoned Office
For Sale
Contact for pricing
220 E Main St, Lexington, SC 29072
Office building with 12 surface parking spaces on a 0.57-acre commercial-zoned parcel in Lexington County, SC.
Property Size3,800 SF
Lot Size0.57 Acres
Price / SF$256.58
Days on Market801
Property Features for 220 E Main St
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
12
Lot size
0.57 Acres
Property subtype
OFFICE
Additional Details
Asking Price
$975,000
Building Details
Buildings
1
Building Size
3,800 SF
Listing Agency:
Wilson Kibler | Columbia
(803) 779-8600
Listed By:
Julian Wilson · License #SC 57962
(803) 255-8626
Source:
Moodyscre
Added: Aug 26, 2024
Changed: Nov 1
Last Checked: Nov 3 at 4:26AM
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 Wilson Kibler | Columbia
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Investment Insights
Based on property information with market context.
This office building at 220 E Main Street offers 3,800 SF of office space on a 0.57-acre parcel. The property includes 12 surface parking spaces and is zoned Commercial in Lexington County, South Carolina.
The building’s layout is suited for office use, supported by on-site parking for staff and visitors. The commercial zoning may provide flexibility for compatible business activity, subject to local requirements.
For tenants or buyers seeking an office facility with straightforward access and surface parking, this property provides a defined, single-building setup with a commercial zoning designation in Lexington County.
The building’s layout is suited for office use, supported by on-site parking for staff and visitors. The commercial zoning may provide flexibility for compatible business activity, subject to local requirements.
For tenants or buyers seeking an office facility with straightforward access and surface parking, this property provides a defined, single-building setup with a commercial zoning designation in Lexington County.
Key Highlights
- 3,800 SF office building
- 12 surface parking spaces
- 0.57‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,952
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,040
$1.0M
Cap Rate 7%
$727,886
$727.9K
Cap Rate 9%
$566,133
$566.1K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$72.5K $19.08/SF
− Vacancy
−$4.6K −$1.20/SF
EGI
$67.9K $17.88/SF
− OpEx
−$17.0K −$4.47/SF
NOI
$51.0K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,040
Cap Rate 7%
$727,886
Cap Rate 9%
$566,133
Alternative Uses
Best Use
Office B
$727.9K
$636.9K – $849.2K
NOI $50,952 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$893.0K – $1.19M
NOI $71,440 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building with 12 surface parking spaces on a 0.57-acre commercial-zoned parcel in Lexington County, SC.
Where is this office building located?
The property is located at 220 E Main St Lexington, SC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,800 SF office building; 12 surface parking spaces; 0.57‑acre parcel
