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    511 Northwood Rd Lexington, SC 29072

    For Sale
    $159,000

    0.71-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.71-acre commercial land parcel presents a unique investment opportunity in Lexington, South Carolina. Located at 511 Northwood Road, this property enjoys a highly desirable position just off Highway 6 North – North Lake Drive, at the entrance to Hamptons Crossing. The lot is zoned for General Commercial use, making it ideal for a variety of development projects. Existing utilities are already on-site, including water and sewer provided by the Town of Lexington, significantly reducing development costs and timelines. The level topography of the outparcel simplifies construction and site preparation. This property's strategic location and readily available infrastructure make it an attractive prospect for businesses seeking high visibility and convenient access. With its proximity to major roadways and established residential areas, this land offers significant potential for growth and return on investment. The asking price is $159,000. This is a rare opportunity to acquire a well-situated commercial lot in a thriving South Carolina community. The property's address is 511 Northwood Road, Lexington, SC 29072.

    Property Features for 511 Northwood Rd

    General Information

    Property type
    Land
    Lot Size
    30,928 SF

    HighLights

    • On‑site utilities.
    • Level outparcel building.
    • General Commercial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2367718
    Latitude
    33.9924077

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    FAQs

    What type of property is this?
    Land - 0.71-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 511 Northwood Rd Lexington, SC.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: On-site utilities.; Level outparcel building.; General Commercial zoning.
    Request Owner's contact information
    511 Northwood 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
    511 Northwood Rd Lexington, SC 29072
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