121 W Center St, Lexington, NC 27292
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
U · Lexington, NCLexington. Always verify with local authorities before improvements.
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.