1812 Augusta Hwy Lexington, SC 29072

Property Details for 1812 Augusta Hwy

Year built

2006

Lot size

4.55 lot acres

Property size

4,800 SF

Zone code

ID

Property type

Strip malls

Property subtype

Neighborhood centers

APN

004200-03-013

APU

420003013

Description

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.