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Property profile & analytics
FOR SALE
Retail space

1240 Fairview Dr Lexington, NC 27292

1,900 SF 0.6 ac lot Built 1949
Property ID
US53-0232619
Property summary
AI-generated overview

This versatile 1,900 square foot commercial property, located at 1240 Fairview Drive in Lexington, NC 27292, presents a significant investment opportunity. Situated on a desirable 0.6-acre corner lot, this property offers exceptional access from both Fairview Drive and Cody Street, providing high visibility and convenient access. Built in 1949, the building currently features a substantial 27 x 27 foot workshop, complete with wiring, plumbing, workspace, an office, and a bathroom. Zoned Commercial B, this property boasts immense potential for a variety of uses, including but not limited to: auto shop, restaurant, storefront, office space (insurance, medical, real estate), car lot, or even redevelopment for a new franchise or retail building. Its prime location offers easy access to I-85 and is in close proximity to major retailers such as Walmart, Lowe's, and Walgreens, as well as banks and other restaurants. The property's proximity to High Rock Lake and downtown Lexington further enhances its appeal. The asking price is $329,900, translating to $173.63 per square foot. This is a rare opportunity to acquire a well-located commercial property with significant upside potential.

Property profile
Verified
Property type Retail space
Year built 1949
Total area 1,900 SF
Lot 0.6 ac (26,136 SF)
UPID US53-0232619
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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