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    505 Wise Ferry Rd Lexington, SC 29072

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    For Sale
    $1,450,000

    4.5+ acre commercial land near downtown Lexington and Lake Murray.

    Lot size:
    4.55 Acres

    Property Features for 505 Wise Ferry Rd

    General Information

    Lot size
    4.55 Acres

    Source: Arnold Roberts Jr Comm RE Brokers Agent Arnold Roberts Jr Comm RE Brokers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Corner Lot

    This large commercial property features over four and a half acres zoned for commercial use. Situated at the corner of Old Cherokee and Wise Ferry, the location offers high visibility and easy access from both roads. The property is located minutes from downtown Lexington, Lake Murray, and major thoroughfares, including Highway 378 and I-20. Potential uses include a dentist's office, medical facility, daycare, or gas station. The sellers will remove the existing house from the land upon sale.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2920306
    Latitude
    34.0035787

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    FAQs

    What type of property is this?
    Commercial land - 4.5+ acre commercial land near downtown Lexington and Lake Murray.
    Where is this commercial land located?
    The property is located at 505 Wise Ferry Rd Lexington, SC.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of Old Cherokee and Wise Ferry, offering high visibility and easy access.; - Over 4.5 acres of land zoned for commercial use, suitable for various businesses.; - Conveniently located minutes from downtown Lexington, Lake Murray, Highway 378, and I-20.
    Request Owner's contact information
    505 Wise Ferry Rd Lexington, SC 29072
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    Lexington, SC 29072
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Wise Ferry Rd Lexington, SC 29072
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