2 State St Lexington, NC 27292
This ±3,900 square foot former bank building presents a unique opportunity for a single tenant in the heart of downtown Lexington. Situated on a 0.79-acre lot, the property boasts three existing drive-thru lanes, a significant advantage for businesses requiring convenient customer access. Two prominent pylon signs, one on each side of the building, ensure high visibility and brand recognition. Ample parking is provided with 34 spaces available for patrons and employees. The building's location in downtown Lexington offers immediate proximity to a variety of shops and restaurants, providing a vibrant and convenient environment for both employees and customers. The property is zoned for retail or office use, making it suitable for a wide range of businesses. The existing infrastructure, including the drive-thrus and pylon signs, represents a significant cost savings for potential tenants, allowing for a quicker and more efficient setup. This is a rare opportunity to acquire a well-located, established property with excellent visibility and convenient amenities in a thriving downtown area. The property's size and features make it ideal for a variety of businesses seeking a high-profile location in a bustling commercial district. The ample parking further enhances the property's appeal and functionality. This is a turnkey opportunity for a business seeking immediate occupancy and a strong presence in the Lexington market.
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Grimes Brothers Mill Tour Operator
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.