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    451 Columbia Ave Lexington, SC 29072

    For Sale
    $1,350,000

    Prime Downtown Lexington Storefront, 5,600 SF

    Property size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,600-square-foot retail storefront at 451 Columbia Avenue in Lexington, South Carolina, presents a compelling investment opportunity. Built in 2010, this property boasts a 100% occupancy rate across its two units, each equipped with its own bathroom. The flexible layout allows for either continued operation as two separate units or seamless conversion into a single, expansive space. A significant advantage is the inclusion of 28 on-site parking spaces, supplemented by an additional parking agreement with a neighboring shopping center, ensuring ample parking for customers and employees. The property sits on a 0.61-acre lot and benefits from high visibility, situated on a road with 31,300 vehicles passing daily. A recently installed brand-new roof adds to the property's value and reduces immediate maintenance concerns. The property features a convenient loading dock at the rear, enhancing operational efficiency. The asking price is $1,350,000, translating to $241.07 per square foot. This is a Net Net lease property with no remaining lease term. This prime location and versatile space make it an ideal investment for discerning buyers seeking a strong return in a thriving South Carolina market. The property is located in Lexington County, South Carolina, zip code 29072.

    Property Features for 451 Columbia Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,600 SF
    Lot Size
    26,572 SF

    Building Details

    Year Built
    2010
    Units
    2

    HighLights

    • 5,600 SF retail storefront on 0.61‑acre lot in Lexington, SC.
    • 100% occupancy with two units, each having its own bathroom.
    • Flexible layout adaptable to single or dual occupancy.
    • 28 on‑site parking spaces plus additional parking agreement.
    • High visibility location with 31,300 vehicles passing daily.
    • New roof, rear loading dock, and $1,350,000 asking price ($241.07/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Memories by Design Engraver Parker's of Lexington Trophy Shop

    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
    -81.240474
    Latitude
    33.988511

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Lexington Storefront, 5,600 SF
    Where is this individual retail property located?
    The property is located at 451 Columbia Ave Lexington, SC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 5,600 SF retail storefront on 0.61-acre lot in Lexington, SC.; 100% occupancy with two units, each having its own bathroom.; Flexible layout adaptable to single or dual occupancy.
    Request Owner's contact information
    451 Columbia 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
    451 Columbia Ave Lexington, SC 29072
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