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Residential Lot with Rehab Potential
For Sale
$80,000

280 Petrea Road, Lexington, NC 27295

1.17 acre lot with an abandoned dwelling for rehab.

Property SizeContact for details
Lot Size1.17 Acres
Days on Market131

Property Features for 280 Petrea Road

General Information

Standard status Active
Lot size 1.17 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $166
Listing Agency: MARIA GARCIA BROKERS LLC
Listed By: MARIA G.GARCIA
Source: Corcoran
Added: Apr 7 Changed: Aug 8 Last Checked: Jul 15 at 10:32PM

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 MARIA GARCIA BROKERS LLC

Investment Insights

Based on property information with market context.

This property features a 1.17-acre lot with an abandoned dwelling. The existing 2-bedroom house presents a potential rehabilitation project. According to the previous owner, the house was equipped with a septic system, although the Davidson County Health Department has no record of it. Davidson Water reports servicing the road but lacks records of service to this specific house. Davidson County indicates that Petrea Road is state-maintained, but the buyer should verify this information. The seller states that the approximate tax value for 2026 is $50,000. Buyers are advised to independently verify all information.

Key Highlights

  • 1.17 acre lot (buyer to verify)
  • Potential rehab project
  • 2 bedroom house

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Plumbing Service Garden Center Auto Repair Shop Computer & Electronic Repair Pet Grooming Service Bed & Breakfast

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

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 27295, NC

39,042
Population
16,775
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
127.6 sq mi
ZIP Area
306
Density / Sq Mi
$65,446
Median Household Income
$39,150
Median Earnings
$866
Median Rent
$191,900
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 1.17 acre lot with an abandoned dwelling for rehab.
Where is this residential land & home lot located?
The property is located at 280 Petrea Road Lexington, NC.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: 1.17 acre lot (buyer to verify); Potential rehab project; 2 bedroom house
More about this property
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