5506 Platt Springs Rd Lexington, SC 29073
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 5506 Platt Springs Rd
- Lot size
- 4.41 lot acres
- Property type
- Warehouses
- Property subtype
- Mixed-use properties
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.2274
- Latitude
- 33.9094
