Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    750 Main St Lexington, SC 29072

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic location, ideal for redevelopment.

    Property Features for 750 Main St

    General Information

    Property type
    Grocery and convenience stores
    Lot Size
    130,680 SF

    We can help!

    Listing Contact
    Hance Jones
    Hance Jones

    Listing Agency: Carolinas Retail Partners Listing Agent: Hance Jones

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 3-acre retail lot, located at 750 W Main St in Lexington, South Carolina (zip code 29072), presents a unique redevelopment opportunity. Currently zoned for a variety of uses including grocery stores, quick-service restaurants (QSR), and full-service restaurants, this property offers significant potential for investors and developers. The asking price is $2,500,000. The lot boasts multiple points of access, enhancing convenience and visibility. A significant feature is the existing former K-Mart building on the property, which is slated for repurposing as a self-storage facility. This presents an added revenue stream or a potential partnership opportunity. The property's prime location in Lexington County, South Carolina, ensures high traffic volume and excellent exposure to a substantial customer base. This versatile property is suitable for build-to-suit (BTS) projects, ground leases, or outright sale, providing flexibility for various investment strategies. The latitude and longitude coordinates are 33.984204665176506 and -81.2520453327622 respectively. This is a rare opportunity to acquire a large, well-located retail lot with significant redevelopment potential in a thriving South Carolina market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.252045332762
    Latitude
    33.984204665177

    Nearby Similar for Sale

    • New
      $675,000
      5,400 SF

      Augusta Road Commercial Investment Opportunity

      Prime commercial property with established tenant in a growing area.
      4350 Augusta Rd, Lexington, SC 29073
      View Details
    • $385,000
      1,678 SF

      Professional Office Building in Lexington

      Well-located office building in Lexington, SC, near major roadways.
      109A Vista Oaks Dr, Lexington, SC 29072
      View Details
    • $359,000
      3,400 SF

      Lexington Commercial Property For Sale

      3,400 SF commercial building suitable for childcare or community uses.
      109 Lisa Dr, Lexington, SC 29073
      View Details
    • $1,150,000
      8,640 SF

      Fully Leased Commercial Investment Property

      High-visibility Lexington office building with strong tenant occupancy and income streams.
      4265 Augusta Rd, Lexington, SC 29073
      View Details
    • New
      $444,000
      1,549 SF

      Lexington Farmhouse with Acreage

      3.36-acre corner lot with farmhouse, mobile home, and stables.
      3405 Emanuel Church Rd, Lexington, SC 29073
      View Details
    • $779,000
      10,000 SF

      Income-Generating Lexington Commercial Property

      1.07 acre property with multiple income-generating units.
      2040 S Lake Dr, Lexington, SC 29073
      View Details
    • $229,000
      1,596 SF

      Professional Office Building in Lexington

      Commercial office building with multiple private offices in Lexington, SC.
      1608 W Main St Apt, Lexington, SC 29072
      View Details
    • New
      $260,000
      2,109 SF

      Lexington Duplex on Compact Lot

      Duplex in Lexington, SC, being sold as-is on 0.15 acres.
      202 Hendrix St, Lexington, SC 29072
      View Details
    • $500,000
      1,188 SF

      Automotive Shop Opportunity in Redbank

      Large lot with home and detached garage for automotive shop.
      1942 S Lake Dr E, Lexington, SC 29073
      View Details
    • $500,000
      1,188 SF

      Automotive Shop in Redbank Area

      Automotive shop with equipment on large lot near Publix.
      1942 S Lake Dr E, Lexington, SC 29073
      View Details
    • $2,190,000

      Medical Office Investment Opportunity

      Freestanding medical office building in Lexington, South Carolina for sale.
      125 Park Place Ct, Lexington, SC 29072
      View Details
    • Contact for pricing

      Former Bowling Alley on 3.3 Acres

      30,000 SF flexible space in high-traffic area.
      5380 Augusta Rd, Lexington, SC 29072
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - High-traffic location, ideal for redevelopment.
    Where is this grocery and convenience store located?
    The property is located at 750 Main St Lexington, SC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (803) 665-5555 Call to check price and availability
    Request Owner's contact information
    750 Main St Lexington, SC 29072
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 Main St
    Lexington, SC 29072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    750 Main St Lexington, SC 29072
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hance Jones
    Hance Jones
    Real Estate License ID: 15657
    (803) 665-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!