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    750 Main St Lexington, SC 29072

    For Sale
    $2,500,000

    High-traffic location, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 750 Main St

    General Information

    Property type
    Restaurants
    Lot Size
    130,680 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, ideal for redevelopment.
    Where is this restaurant 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.
    Request Owner's contact information
    750 Main St Lexington, SC 29072
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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
    750 Main St Lexington, SC 29072
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