Us Highway 64 Lexington, NC 27292
This exceptional five-acre parcel, located at 0 E US Highway 64 in Lexington, NC, presents a unique investment opportunity. Priced at $375,000, the property is zoned for commercial or light industrial uses, making it ideal for a variety of businesses. Its versatile nature also lends itself perfectly to the development of storage units, catering to the growing demand for self-storage solutions in the area. The property boasts convenient access to essential utilities, including city of Lexington gas and electric services, as well as Davidson Water. While the exact square footage of the land is not currently specified, the five-acre lot size offers ample space for development and expansion. Prospective buyers should note that the land acreage is subject to a survey, ensuring accurate measurements prior to any purchase. This prime location on US Highway 64 provides excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors seeking a strategic foothold in the Lexington market. The property's versatility, coupled with its strategic location and readily available utilities, positions it as a highly desirable asset with significant potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.
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.