506 Poplar St Lexington, NC 27292
- Investment properties
- 0.50 lot acres
Current Use by Public Records
- Investment properties
Property Details for 506 Poplar St
- Lot size
- 0.50 lot acres
- Property type
- Investment properties
Description
This exceptional investment opportunity encompasses four contiguous lots totaling half an acre, strategically positioned at the intersection of MLK Jr. Boulevard and Poplar Street in Lexington, North Carolina. The property's address is 506 Poplar Street. The legal descriptions of the additional three parcels are 1103500000072A, 1103500000072, and 1103500000072B. The existing structure on the property is considered to have no value and is not factored into the asking price of $160,000. This presents a unique chance to acquire a significant land holding in a desirable location with considerable redevelopment potential. The high-traffic intersection provides excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Investors will appreciate the potential for future development and the strategic location within Lexington's thriving commercial landscape. The combined acreage offers ample space for various projects, from new construction to expansion of existing businesses. This is a rare opportunity to acquire a substantial land parcel in a prime location at a competitive price. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold as-is.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Davidson
- State
- North Carolina
- Longitude
- -80.24439
- Latitude
- 35.82659
