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    3638 Us Highway 64 Lexington, NC 27292

    Sponsored
    For Sale
    $2,500,000

    16 Acres, High Visibility, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16-acre commercial land parcel presents a compelling investment opportunity in Lexington, North Carolina. Strategically located near the intersection of I-85 and Highway 64, this property boasts approximately 500 feet of road frontage, offering significant visibility and accessibility. The land is largely cleared and relatively level, minimizing site preparation costs and expediting development. The expansive acreage allows for a wide range of commercial uses, from retail and industrial to hospitality and more. The seller is motivated and open to negotiations, making this a particularly attractive proposition for discerning buyers. The property's prime location, combined with its size and readily developable nature, positions it for substantial future growth and return on investment. With the potential for an even larger footprint (up to 730 feet of road frontage) through the acquisition of an adjacent site, this property offers exceptional flexibility and scalability. The asking price is $2,500,000. This is a rare opportunity to secure a significant commercial land holding in a thriving North Carolina market. The property is situated at 3638 US Hwy 64, Lexington, NC 27292.

    Property Features for 3638 Us Highway 64

    General Information

    Property type
    Land
    Lot Size
    696,960 SF

    HighLights

    • $2,500,000 asking price.
    • 16‑acre commercial land parcel.
    • Located in Lexington, NC, at 3638 US Hwy 64.
    • Mostly cleared and level land.
    • Approximately 500 feet of road frontage (potential for 730' with adjacent property).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.17815
    Latitude
    35.80755

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    FAQs

    What type of property is this?
    Land - 16 Acres, High Visibility, Development Ready
    Where is this land located?
    The property is located at 3638 Us Highway 64 Lexington, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; 16-acre commercial land parcel.; Located in Lexington, NC, at 3638 US Hwy 64.
    Request Owner's contact information
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    Lexington, NC 27292
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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
    3638 Us Highway 64 Lexington, NC 27292
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