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Property profile & analytics
OFF-MARKET
Land

5119 Backman Ave Lexington, SC 29073

3.62 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 3.62 ac (157,687 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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