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    2438 Mineral Springs Rd Lexington, SC 29072

    For Sale
    $775,000

    Prime Lexington development opportunity. High traffic, affluent area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land parcel, located at 2484 Mineral Springs Rd, Lexington, SC 29072, presents a prime development opportunity. Spanning 1.94 acres, this property sits within a heavily trafficked retail corridor, boasting over 41,700 vehicles daily on nearby Sunset Boulevard and 10,500 vehicles per day on Mineral Springs Road itself. The area is characterized by high affluence, with average household incomes exceeding $100,000. The property's ID (Intensive Development) zoning permits a high density of development, allowing for 8 or more dwelling units per acre. Lexington County TMS number is 004423-01-010. City water and sewer services are readily available, simplifying infrastructure needs. The asking price for this exceptional parcel is $775,000. This represents a significant investment opportunity in a thriving South Carolina community. The property's location and zoning make it ideal for a variety of commercial developments.

    Property Features for 2438 Mineral Springs Rd

    General Information

    Property type
    Land
    Lot Size
    77,101 SF

    HighLights

    • $775,000 asking price for 1.94 acres at 2484 Mineral Springs Rd, Lexington, SC.
    • 1.77 to 1.98 acres total available on Mineral Springs Rd in Lexington, SC.
    • High‑traffic location with over 41,700 vehicles daily on nearby Sunset Blvd and 10,500 VPD on Mineral Springs Rd.
    • Intensive Development (ID) zoning allowing for 8+ dwelling units per acre.
    • City water and sewer available.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.203318
    Latitude
    34.0022263

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    FAQs

    What type of property is this?
    Land - Prime Lexington development opportunity. High traffic, affluent area.
    Where is this land located?
    The property is located at 2438 Mineral Springs Rd Lexington, SC.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price for 1.94 acres at 2484 Mineral Springs Rd, Lexington, SC.; 1.77 to 1.98 acres total available on Mineral Springs Rd in Lexington, SC.; High-traffic location with over 41,700 vehicles daily on nearby Sunset Blvd and 10,500 VPD on Mineral Springs Rd.
    (803) 766-0900
    Request Owner's contact information
    2438 Mineral Springs 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
    2438 Mineral Springs Rd Lexington, SC 29072
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