5119 Backman Ave, Lexington, SC 29073
This exceptional 3.62-acre commercial land parcel in Lexington, South Carolina, presents a remarkable investment opportunity. Located at 5119 Backman Ave, with APN 007796-01-031, this property is zoned ID and offers significant potential for various commercial developments, including storage, industrial, or retail uses. The asking price is $999,999, translating to $276,243 per acre. Its strategic location offers high visibility and accessibility, boasting proximity to established businesses. Adjacent to a 7-Eleven, multiple used car lots, and a U-Haul dealer, this property benefits from existing commercial activity. Furthermore, its location is within 1.5 miles of a newly developed Publix and Walgreens, and 1.75 miles from a Walmart Supercenter and Lowe's anchored shopping center, featuring numerous national retailers such as Starbucks, Popshelf, Aldi, McDonald's, and Food Lion. This prime location is situated in a rapidly growing area, with a large apartment complex and a major national grocery store planned within a mile radius. This property's size, zoning, and strategic location make it an ideal investment for developers seeking high-growth potential in a thriving commercial corridor. The property's proximity to major retailers and residential developments ensures high traffic and strong potential for future appreciation. This is a rare opportunity to acquire a substantial commercial land parcel in a highly desirable location. The zip code is 29073.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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