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    113 Reed Ave Lexington, SC 29072

    For Lease
    $11 SF/Yr

    11,069 SF Available, Prime Location

    Lot size:
    39,794 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,069 square foot executive office space is available for lease at 113 Reed Avenue in Lexington, South Carolina. Located in the Lexington submarket of Lexington County, this Class B building offers a prime opportunity for businesses seeking a prominent presence. The property boasts a total of 39,794 square feet across two stories, situated on a generous 3.72-acre lot. Built in 1980, the building is zoned for commercial use and features a traditional office layout suitable for a variety of businesses. The space is currently available as a single, large suite, ideal for a company requiring significant square footage. The property's multiple tenancy structure allows for flexibility and potential for expansion within the building. The address is 113 Reed Ave, Lexington, SC 29072. This location offers excellent accessibility and visibility within the thriving Lexington commercial market. The available space presents a unique opportunity to establish or expand your business in a well-established and convenient location. The property's size and layout provide ample room for customization to meet specific business needs. Interested parties are encouraged to inquire for further details and leasing options.

    Property Features for 113 Reed Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,794 SF
    Class
    B
    Total Rate
    36477.83

    Building Details

    Year Built
    1980
    Stories
    2

    Unit(s) available at that property

    Space
    113 Reed Ave
    Size
    11,069 SF
    Rate per SF
    $11

    HighLights

    • 11,069 SF of executive office space available for lease at 113 Reed Ave, Lexington, SC 29072.
    • 39,794 SF two‑story multi‑tenant Class B office building on a 3.72‑acre lot.
    • Excellent Lexington location with monument signage, security system, and secure storage.
    • Conveniently located near Lake Murray, Lexington Middle School, Walmart, Lowe's Foods, and Publix.
    • 3,788 SF of finished basement space available for lease.
    • 7,281 SF of 2nd floor space available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    USI Insurance Services ... Insurance Agency South Carolina State ... State Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -81.2430203
    Latitude
    33.9890201

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    FAQs

    What type of property is this?
    Office Property / Space - 11,069 SF Available, Prime Location
    Where is this office property / space located?
    The property is located at 113 Reed Ave Lexington, SC.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 11,069 SF of executive office space available for lease at 113 Reed Ave, Lexington, SC 29072.; 39,794 SF two-story multi-tenant Class B office building on a 3.72-acre lot.; Excellent Lexington location with monument signage, security system, and secure storage.
    Request Owner's contact information
    113 Reed Ave Lexington, SC 29072
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    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
    113 Reed Ave Lexington, SC 29072
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