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Freestanding Building on 1.5 Acres

200 Wise Ferry Rd, Lexington, SC 29072

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For Sale

Contact for pricing

7,500-SF building on 1.5 acres near Downtown Lexington.

Type:Office, Retail

Property size:

7,500 SF

Lot size:

1.50 Acres

Price / SF:

$233/SF

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Contact for Pricing

Please call us for current price
and status of this listing

Mary Winter Teaster

Real Estate License ID: 140915

HighLights

Large 7,500‑SF freestanding single‑story building on ±1.5 acres
Full commercial kitchen and multiple offices
Divisible building suitable for multiple uses like event space, community center, or church
Ample parking
High ceilings and large open spaces
Located in a rapidly growing area near Downtown Lexington and Lake Murray with convenient access to Highway 378 and Highway 1

For Sale

Contact for pricing

7,500-SF building on 1.5 acres near Downtown Lexington.

Type:Office, Retail

Property size:

7,500 SF

Lot size:

1.50 Acres

Price / SF:

$233/SF

Added:: Nov 11, 2024
Days on Market:: 602
Last Refresh:: Jul 5 at 8:58 am

Property Features for 200 Wise Ferry Rd

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 1.50 Acres
Property subtype: Office, Retail

We can help!

Contact an agent

Mary Winter Teaster

Listing office Colliers - Columbia, South Carolina

Listing date Nov 11, 2024

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Columbia, South Carolina

HighLights

Large 7,500‑SF freestanding single‑story building on ±1.5 acres
Full commercial kitchen and multiple offices
Divisible building suitable for multiple uses like event space, community center, or church
Ample parking
High ceilings and large open spaces
Located in a rapidly growing area near Downtown Lexington and Lake Murray with convenient access to Highway 378 and Highway 1

Overview

Located at 200 Wise Ferry Road, this freestanding single-story building offers approximately 7,500 square feet of space on a 1.5-acre lot. The building's layout allows for division to accommodate multiple uses and includes ample parking. Inside, the property features a full commercial kitchen, multiple offices, and large open spaces with high ceilings. Potential uses for the property include event space, community center, church, after school program, supportive living community, or medical/dental facility, as well as retail or office space. Situated in a rapidly growing area just outside of Downtown Lexington and south of Lake Murray, the property is surrounded by new residential developments. It also provides convenient access to both Highway 378 and Highway 1.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$150.3k	$20.04
− Vacancy	−$6.2k	−$0.82
EGI	$144.1k	$19.22
− OpEx	−$36.0k	−$4.80
NOI	$108.1k	$14.41

7,500 SF · lease $20.04/SF/yr · vacancy 4.10% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $108,103 @ 7.0% cap · market cap 6.18%

Second Best

Office B

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,564 @ 7.0% cap · market cap 5.75%

Theoretical Best

Office A

$2.01M

$1.76M – $2.35M (±1% cap)

NOI $141,000 @ 7.0% cap · market cap 8.06%

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

Property Profile Location Intelligence

Current Use by Public Records

EL Amanecer Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Lexington
County: Lexington
State: South Carolina
Longitude: -81.2889866
Latitude: 33.9887318

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For sale
Retail space
SC
Lexington
29072
200 Wise Ferry Rd

What type of property is this?

Retail space - 7,500-SF building on 1.5 acres near Downtown Lexington.

Where is this retail space located?

The property is located at 200 Wise Ferry Rd Lexington, SC.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Large 7,500‑SF freestanding single‑story building on ±1.5 acres; Full commercial kitchen and multiple offices; Divisible building suitable for multiple uses like event space, community center, or church