Property profile

115 W Main St Lexington, SC 29072

FOR SALE
Office buildings
Property ID
US77-0960914
6,840 SF 0.28 ac lot Built 1900
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.59-acre commercial land parcel, located at 115 W. Main St in Lexington, South Carolina, presents a unique redevelopment opportunity. Currently featuring a 1,400 square foot existing restaurant structure, the property offers endless possibilities for new construction or adaptive reuse. Its prime location within the rapidly growing Town of Lexington ensures high visibility and accessibility. The site boasts a highly desirable location adjacent to the Icehouse Amphitheater and the newly redeveloped Virginia Hylton Park, providing proximity to numerous amenities including restaurants, shops, government facilities, and professional offices. Furthermore, its position on W. Main Street benefits from a significant traffic count of 20,100 vehicles per day, a very strong number for a two-lane road, ensuring substantial exposure for any future development. The asking price for this exceptional property is $1,750,000. This is an unparalleled chance to capitalize on the vibrant growth of Lexington, SC. Don't miss this opportunity to acquire a piece of Lexington's thriving commercial landscape.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 6,840 SF
Lot 0.28 ac (12,197 SF)
Zoning code ID
APN 004320-06-010
UPID US77-0960914

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Spa & Massage Center Alternative Medicine Practice
  • Restaurant

Location

115 W Main St Lexington, SC 29072
Lexington metro Census 21029 COLUMBIA, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$658k
Blend (final) Blend
$545k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

ID · Lexington, SC

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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