520 Salem St, Lexington, NC 27292-1691
This exceptional retail property, located at 520 Salem Street in Lexington, North Carolina, presents a fantastic opportunity for a discerning business owner. Situated on a highly visible corner lot, this building benefits from an extremely high traffic count, ensuring maximum exposure for your enterprise. The property's previous uses have included a coffee shop, laundromat, and dry cleaners, demonstrating its versatility and adaptability to a wide range of retail businesses. While the exact square footage is not currently specified, the building offers a substantial amount of space suitable for various commercial applications. Its strategic location within a thriving business district, surrounded by numerous other established businesses, guarantees a strong customer base and significant foot traffic. The asking price of $395,000 represents an excellent investment opportunity in a prime Lexington location. The property is situated on a lot measuring zero acres, indicating a compact and efficient footprint ideal for retail operations. This property is ready for immediate occupancy and offers a unique chance to establish or expand your business in a high-demand area. Serious inquiries are encouraged to explore this exceptional retail space further. Contact us today to schedule a viewing and discuss the possibilities.
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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
B · Lexington, NCLexington. 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.