1812 Augusta Hwy, Lexington, SC 29072
For Lease
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This exceptional mixed-use investment opportunity presents a 34,619-square-foot multi-tenant property in Lexington, South Carolina, boasting a strong 8.00% cap rate and 100% occupancy. The property comprises three single-story buildings, totaling 21 units across a 4.55-acre lot. Built in 2006, it features a diverse tenant mix including restaurants, breweries, salons, and small businesses, all operating under gross leases, presenting significant upside potential through market rent adjustments and lease structure conversions to NNN. The average suite size is 1,730 square feet, with approximately 80% warehouse space and 20% office space, featuring 12-foot ceiling clearances and roll-up doors in the flex-industrial units. This highly visible location on Augusta Highway (US Highway 1), with over 24,000 vehicles passing daily, benefits from its proximity to Lexington High School, downtown Lexington, Interstate 20, and the Columbia Metropolitan Airport (CAE). The area is experiencing significant growth, with new housing developments and retail establishments such as Publix, Lowe's Foods, Walgreens, Starbucks, and McDonald's nearby. The asking price is $3,400,000, translating to $98.21 per square foot. This property offers a compelling combination of stable income, significant upside potential, and a prime location in a thriving market. The property's strong tenant base and lack of renewal options provide a clear path to increased profitability.
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American National-Davis Insurance Insurance Agency
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Fortress Martial Arts and Fitness Training Center Sports School
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Lexington Antiques & Home Decor Home Decor Store (Bike/Boat/Book/etc) Store
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Charlette’s Cuts & More Hair Salon Nail Salon
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U-Haul Neighborhood Dealer Car Rental Facility
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
ID · Lexington, SCLexington. 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.