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Property profile & analytics

1 State St Lexington, NC 27292

  • Commercial real estate
  • 2,720 SF
  • 0.09 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-1561780
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1 State St

Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 lot acres
Property size
2,720 SF
Zone code
U
Property type
Commercial real estate
APN
11-054-0-00D-0005-C
APU
11054000D0005C

Description

This remarkable investment opportunity presents the chance to acquire the historic Grimes Brothers Mill building, situated in the heart of downtown Lexington, North Carolina. This four-story brick structure boasts significant historical character and presents a unique canvas for adaptive reuse. The building's prime location within Lexington's Social District offers unparalleled access to the vibrant downtown area, providing ample opportunities for a variety of commercial ventures. The substantial size of the building allows for creative development and the potential for multiple uses. While the exact square footage is currently unavailable, the building's four stories and substantial brick construction suggest a considerable amount of space. The property sits on a lot with no acreage listed, indicating a compact urban footprint ideal for redevelopment. This is a rare chance to own a piece of Lexington's heritage and contribute to its ongoing revitalization. The building's solid brick construction provides a strong foundation for future development, and its central location ensures high visibility and accessibility. Investors seeking a unique and historically significant property with high redevelopment potential should act quickly to explore this exceptional opportunity. The building's potential is limited only by the imagination, making it an ideal project for those with a vision for revitalizing historic structures and contributing to the growth of a thriving downtown area. This is a truly exceptional opportunity to own a piece of Lexington's rich history and shape its future.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Lexington
County
Davidson
State
North Carolina
Longitude
-80.2544
Latitude
35.8252
CBSA code
49180
CBSA name
WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,010
$0.00
$0.00
$66,910
-
$27,440
$39,470
$66,910
More about this property
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