Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office buildings

    121 W Center St, Lexington, NC 27292

    4,020 SF 0.19 ac lot Built 1926
    Trust Owned 11-yr Hold Free & Clear
    Property ID
    US53-0706779
    Property summary
    AI-generated overview

    This exceptional commercial investment opportunity presents a fully renovated office building situated just 100 yards from the Davidson County Courthouse in Lexington, NC. The property, priced at $1,200,000, boasts a completely updated interior, including a new roof, new air conditioning in the detached apartment, and a fully modernized electrical system with brand new wiring. A detailed list of renovations is available upon request. The main office space is move-in ready and can comfortably accommodate six or more offices, featuring 1.5 bathrooms, a kitchen, a laundry room, and a partially unfinished basement. Adding to its income potential is a detached brick apartment, approximately 600 square feet, comprising a living area, two bedrooms, and a kitchen. The property also includes a paved parking area. This versatile building is ideally suited for a variety of professional uses, including law offices, medical practices, accounting firms, or surveying companies. The property is offered with owner financing for qualified buyers, subject to acceptable offer terms. This is a rare opportunity to acquire a prime commercial property in the thriving city of Lexington. Leasing of the property is not currently available. The property is not located on a lot with acreage.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1926
    Total area 4,020 SF
    Lot 0.19 ac (8,314 SF)
    Zoning code U
    APN 11-089-0-001-0024
    UPID US53-0706779
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hutchins,dewey & Gay Trust · 11 yrs held
    Hutchins,dewey & Gay Trust
    since 2015
    6 recorded transactions
    2015
    2015
    2014
    $125,000
    2013
    $27,500
    2010
    1969
    Zoning & alternative use
    U · Lexington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message