200 Prospect Dr Lexington, NC 27292
This exceptional industrial property, located at 200 Prospect Dr, Lexington, NC 27292, presents a significant investment opportunity. The property encompasses a total of 61,000 square feet on a 1.02-acre lot and is zoned I. The main building, constructed in 1997, offers approximately 40,000 square feet, including roughly 1,000 square feet of office and break space. Loading capabilities include one drive-in door (20'W x 14'H) and one dock-high door (10'W x 9'H) equipped with levelers. Ceiling heights range from 13'5" to 17'3" in the main building, with 50' column spacing. The property boasts heavy power and an existing powder coating line available for separate purchase. The building is connected to city water and sewer. An addition of approximately 21,000 square feet features a 50-foot-deep loading well with a 12'W x 16'H door, another drive-in door (20'W x 14'H), and ceiling heights ranging from 16'3" to 20'7". This addition offers a clear span design with no interior columns, heavy power, and a 5-ton bridge crane, along with exhaust fans. This property is ready for immediate occupancy and offers significant potential for a variety of manufacturing and warehouse operations. The asking price is $3,200,000.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.