1240 Fairview Dr Lexington, NC 27292

Property Details for 1240 Fairview Dr

Year built

1949

Lot size

0.60 lot acres

Property size

1,900 SF

Property type

Retail space

Property subtype

Storefront properties

Description

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.