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    OFF-MARKET
    Office Units

    201 1St Ave, Lexington, NC 27292

    2,200 SF Built 1950
    Entity Owned 1-yr Hold
    Property ID
    US53-1530914
    Property summary
    AI-generated overview

    This exceptional 2,200 square foot office space, located in the heart of downtown Lexington, boasts a recent 2023 renovation. The property, housed in a two-story, 1950s building, offers a blend of traditional and modern aesthetics. Approximately 1,200 square feet of the main floor comprises the office area, featuring high ceilings, attractive new flooring, exposed brick, and an abundance of natural light. A private restroom is conveniently located within the office space. The open floor plan includes one dedicated private office, providing a balance of collaborative and individual work areas. Adding significant value is approximately 1,000 square feet of basement storage, perfect for archiving, inventory, or additional workspace. On-site surface parking is available for added convenience. The building is zoned U and its location offers unparalleled accessibility. Just three blocks from Main Street, and approximately two miles from Business 85 and Highway 64, this property provides easy access to a variety of amenities, including restaurants, shopping, and the Lexington Farmers Market. This single-tenant space presents a unique opportunity for businesses seeking a well-appointed, centrally located office in a vibrant downtown setting. The property's APN is 6725-02-86-8204, and it is situated in Davidson County.

    Property profile
    Verified
    Property type Office Units
    Year built 1950
    Total area 2,200 SF
    UPID US53-1530914
    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
    Current use
    Occupant on record · Public records
    • Public Works Gas Company
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Drummond 201 E 1 Ave LLC · 1 yrs held
    Drummond 201 E 1 Ave LLC
    since 2025
    3 recorded transactions
    2025
    $775,000
    2023
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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