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    5506 Platt Springs Rd Lexington, SC 29073

    Sponsored
    For Sale
    $3,500,000

    Lexington, SC Mixed-Use Opportunity

    Property size:
    192,099 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.41-acre commercial property in Lexington, SC, presents a unique mixed-use development opportunity. Located in a vibrant shopping center anchored by a high-performing Walmart, Lowe's, Starbucks, and McDonald's, this site boasts unparalleled visibility and accessibility. The 192,099 square foot parcel is currently vacant and zoned ID, offering flexibility for various commercial uses, including multifamily, industrial, or a combination thereof. The asking price is $3,500,000, translating to $18.22 per square foot and $793,650 per acre. The property features existing water and sewer connections, and the owner will provide stormwater hookup. This is the last large commercial parcel available within this established shopping center, offering a rare chance to capitalize on a high-growth area. The seller is open to build-to-suit options, ground leases, or fee simple sales, allowing for tailored development solutions. The property's adjacency to a Starbucks and a new Sparkle Express Car Wash further enhances its appeal and potential. This prime location and flexible development options make this a truly exceptional investment opportunity with a 10% cap rate. The APN is 007600-04-001. The property is classified as Class B. The site can be purchased in its entirety or subdivided to meet specific buyer requirements.

    Property Features for 5506 Platt Springs Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    192,099 SF
    Class
    B
    Lot Size
    192,100 SF

    HighLights

    • Large commercial parcel available in established shopping center.
    • High visibility and convenient access.
    • Adjacent to Starbucks and new Sparkle Express Car Wash.
    • Build‑to‑suit and ground lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.22736871
    Latitude
    33.90936527

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    FAQs

    What type of property is this?
    Multifamily property - Lexington, SC Mixed-Use Opportunity
    Where is this multifamily property located?
    The property is located at 5506 Platt Springs Rd Lexington, SC.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Large commercial parcel available in established shopping center.; High visibility and convenient access.; Adjacent to Starbucks and new Sparkle Express Car Wash.
    Request Owner's contact information
    5506 Platt Springs Rd Lexington, SC 29073
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    Lexington, SC 29073
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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
    5506 Platt Springs Rd Lexington, SC 29073
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