Property profile

0 Augusta Hwy Lexington, SC 29072

OFF-MARKET
Land
18 ac lot
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Property summary

AI-generated overview

This exceptional 18-acre commercial land parcel presents a remarkable investment opportunity in Lexington, South Carolina. Located on Augusta Highway, this property boasts 777 feet of frontage, ensuring high visibility and accessibility. The site is strategically positioned near a vibrant array of established businesses, including Sonic, Lowe's Foods, Walgreens, Starbucks, Arby's, McDonald's, 7-Eleven, Frank's Car Wash, and CVS, guaranteeing a strong customer base and high traffic counts averaging 14,400 vehicles per day. The property is zoned ID and offers significant development potential. Utilities are readily available, with a 10-inch force main sewer line provided by the Town of Lexington located at the site's frontage and water access across the street from the property, courtesy of JMWS. The asking price is $1,800,000, translating to $100,000 per acre, representing an attractive return on investment given the location, size, and existing infrastructure. This prime commercial land is ideal for a variety of uses and presents a unique chance to capitalize on a thriving market in a highly desirable area. Don't miss this opportunity to acquire a significant piece of Lexington's commercial landscape.

Property profile

Verified
Property type Land
Lot 18 ac (784,080 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Augusta Hwy Lexington, SC 29072
Lexington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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