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    OFF-MARKET
    Individual retail properties

    520 Salem St, Lexington, NC 27292-1691

    1,686 SF 0.17 ac lot Built 1946
    Entity Owned ~ Est. High Equity
    Property ID
    US53-2818171
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Individual retail properties
    Use group DRY CLEANER
    Year built 1946
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,686 SF
    Lot 0.17 ac (7,492 SF)
    Zoning code B
    APN 11-024-0-000-0034
    UPID US53-2818171
    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
    • Limb Walkers Tree Removal (The tree experts) Landscaping General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rainpour Properties LLC
    Rainpour Properties LLC
    since 2026
    3 recorded transactions
    2026
    $379,000
    2026
    2004
    Zoning & alternative use
    B · Lexington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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