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    5119 Backman Ave Lexington, SC 29073

    For Sale
    $999,999

    3.62 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.62-acre commercial land parcel in Lexington, South Carolina, presents a remarkable investment opportunity. Located at 5119 Backman Ave, with APN 007796-01-031, this property is zoned ID and offers significant potential for various commercial developments, including storage, industrial, or retail uses. The asking price is $999,999, translating to $276,243 per acre. Its strategic location offers high visibility and accessibility, boasting proximity to established businesses. Adjacent to a 7-Eleven, multiple used car lots, and a U-Haul dealer, this property benefits from existing commercial activity. Furthermore, its location is within 1.5 miles of a newly developed Publix and Walgreens, and 1.75 miles from a Walmart Supercenter and Lowe's anchored shopping center, featuring numerous national retailers such as Starbucks, Popshelf, Aldi, McDonald's, and Food Lion. This prime location is situated in a rapidly growing area, with a large apartment complex and a major national grocery store planned within a mile radius. This property's size, zoning, and strategic location make it an ideal investment for developers seeking high-growth potential in a thriving commercial corridor. The property's proximity to major retailers and residential developments ensures high traffic and strong potential for future appreciation. This is a rare opportunity to acquire a substantial commercial land parcel in a highly desirable location. The zip code is 29073.

    Property Features for 5119 Backman Ave

    General Information

    Property type
    Land
    Lot Size
    157,687 SF

    HighLights

    • $999,999 asking price for 3.62 acres of commercial land.
    • Lexington County, SC location at 5119 Backman Ave, Lexington, SC 29073.
    • APN 007796‑01‑031, zoned ID.
    • $276,243 per acre land value.
    • Suitable for storage, industrial, or retail development; near established businesses and new developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1990991
    Latitude
    33.9085804

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    FAQs

    What type of property is this?
    Land - 3.62 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 5119 Backman Ave Lexington, SC.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: $999,999 asking price for 3.62 acres of commercial land.; Lexington County, SC location at 5119 Backman Ave, Lexington, SC 29073.; APN 007796-01-031, zoned ID.
    (803) 606-2186
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    5119 Backman Ave Lexington, SC 29073
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    Lexington, SC 29073
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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
    5119 Backman Ave Lexington, SC 29073
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