446 Old Cherokee Rd Lexington, SC 29072-9031
- Office buildings
- 4,374 SF
- 0.06 lot acres
Current Use by Public Records
- Bliss Salon & Spa / Beauty Salon / Day Spa
Property Details for 446 Old Cherokee Rd
- Year built
- 2006
- Lot size
- 0.06 lot acres
- Property size
- 4,374 SF
- Zone code
- GC
- Property type
- Office buildings
- APN
- 004303-01-002
- APU
- 430301002
Description
This exceptional owner-user opportunity presents a 4,386 square foot, two-story retail building situated at 446 Old Cherokee Rd, Lexington, SC 29072. Built in 2009, this multi-tenant property (APN 004303-01-002) boasts a prime location on a major thoroughfare, benefiting from high visibility at a signaled intersection. The building is part of a three-building complex featuring medical, veterinary, and self-care services, ensuring consistent traffic flow. Its strategic location across from a school and surrounded by residential homes and similar commercial buildings guarantees a steady stream of potential customers. The property includes 14 paved parking spaces, supplemented by additional gravel parking. The interior layout is versatile, currently configured as a hair salon with massage and esthetician services, but easily adaptable to various office or retail uses. The main level features a lobby, two offices, a kitchen/laundry room, a bathroom, storage/utility closets, and ample open floor space. The upper level offers four large rooms, a bathroom, and finished storage areas. The asking price is $1,250,000, translating to $285 per square foot. This presents a rare chance to acquire a thriving commercial property in a highly desirable Lexington location. The property's strong tenant base and convenient amenities make it an attractive investment for both owner-users and investors seeking a stable, high-traffic location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,045,000
- 6.5%
- $960,000
- 7%
- $895,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $875,000
- AI Estimate
- $740,000
Market price range: $421k - $876kMarket price range: $376k - $740k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $620,000 Current use
- AUTO REPAIR, GARAGE
- $1,065,000 Change: +71% Conversion: Difficult
- MEDICAL BUILDING
- $930,000 Change: +49% Conversion: Easy
- COMMERCIAL (GENERAL)
- $725,000 Change: +17% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.2325
- Latitude
- 34.0049
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA