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    101 Lexington Pkwy Lexington, NC 27295

    Sponsored
    For Sale
    $5,500,000

    Prime Manufacturing Space - Davidson County, NC

    Property size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 100,000-square-foot industrial building, situated on an expansive 18.18-acre lot in Lexington, North Carolina, presents a compelling investment opportunity. Located at 101 Lexington Parkway, this single-story Class B manufacturing facility boasts a substantial footprint, ideal for a variety of industrial uses. Constructed in 1997, the property features seven dock-high doors, ensuring efficient loading and unloading operations. Ample parking is provided with 134 spaces, accommodating employees and visitors alike. The building's 14-foot ceiling height offers significant vertical clearance for storage and operational needs. Priced at $5,500,000, or $55 per square foot, this property represents a strong value proposition in a desirable location within Davidson County. The single-tenant occupancy provides stability and ease of management. This well-maintained facility offers a rare opportunity to acquire a significant industrial asset in a thriving market. The property's size and features make it suitable for a wide range of manufacturing and warehousing operations. Its strategic location in Lexington, NC, provides easy access to major transportation routes, further enhancing its appeal to potential buyers. Don't miss this chance to own a substantial industrial property in a prime location.

    Property Features for 101 Lexington Pkwy

    General Information

    Property type
    Manufacturing properties
    Square Feet
    100,000 SF
    Class
    B
    Lot Size
    791,921 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    HighLights

    • $5,500,000 asking price for this 100,000 SF industrial building.
    • 100,000 square foot, single‑tenant manufacturing facility.
    • Class B industrial building, built in 1997.
    • Located at 101 Lexington Pkwy, Lexington, NC 27295.
    • 18.18‑acre lot with 134 parking spaces.
    • Features 7 dock‑high doors and 14' ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chesapeake Printing and packaging Store WestRock Manufacturer

    Suggested Use

    Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Accounting Firm Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.3197367
    Latitude
    35.7790639

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    FAQs

    What type of property is this?
    Manufacturing property - Prime Manufacturing Space - Davidson County, NC
    Where is this manufacturing property located?
    The property is located at 101 Lexington Pkwy Lexington, NC.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: $5,500,000 asking price for this 100,000 SF industrial building.; 100,000 square foot, single-tenant manufacturing facility.; Class B industrial building, built in 1997.
    Request Owner's contact information
    101 Lexington Pkwy Lexington, NC 27295
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    Lexington, NC 27295
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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
    101 Lexington Pkwy Lexington, NC 27295
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