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    318 Main St Lexington, NC 27292

    For Lease
    $2.00 SF/Yr ($3,066 /Mo)

    Spacious warehouse, flexible layouts, Uptown Lexington.

    Lot size:
    18,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 18,400-square-foot warehouse at 318 N. Main Street in Lexington, North Carolina, presents a unique investment opportunity. The property, classified as Class C, boasts a single three-story building situated on a 0.55-acre lot in the desirable NC - South Davidson County submarket. Currently, 13,366 square feet are available for lease, offering significant flexibility for various business needs. The space is currently unfinished, providing a blank canvas for customization. The layout is adaptable, making it ideal for a range of uses, such as storage, a retail establishment (perhaps a thrift store or antique shop), or other suitable ventures. Two spaces are immediately available, one measuring 4,959 square feet on the second floor and another 2,777 square feet in the basement. The building includes one loading dock for efficient material handling. Onsite parking is limited. The property is zoned U and is conveniently located in Uptown Lexington, offering excellent visibility and accessibility. The owner is willing to subdivide the space to accommodate specific tenant requirements. This is a rare opportunity to acquire a versatile warehouse in a thriving location.

    Property Features for 318 Main St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,400 SF
    Class
    C
    Total Rate
    3066.67

    Building Details

    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    318 N Main St 2nd Floor
    Size
    4,959 SF
    Rate per SF
    $3
    Space
    318 N Main St Basement
    Size
    2,777 SF
    Rate per SF
    $2.00

    HighLights

    • Large unfinished open space (4,959 SF 2nd floor, 2,777 SF basement), ideal for storage, retail (thrift or antique), or other uses.
    • Limited onsite parking.
    • Subdividable.
    • Uptown Lexington location.
    Property Profile Location Intelligence

    Current Use by Public Records

    ELEGANT DREAMS LIMOUSINES, ... Limousine Service Lexington Youth Theatre Youth Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2507186
    Latitude
    35.8266233

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, flexible layouts, Uptown Lexington.
    Where is this distribution property located?
    The property is located at 318 Main St Lexington, NC.
    What is the lease rate?
    The lease rate is $2.00-$3 SF/Yr.
    What are key features of this property?
    This property features: Large unfinished open space (4,959 SF 2nd floor, 2,777 SF basement), ideal for storage, retail (thrift or antique), or other uses.; Limited onsite parking.; Subdividable.
    Request Owner's contact information
    318 Main St Lexington, NC 27292
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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
    318 Main St Lexington, NC 27292
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