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    Property profile & analytics
    OFF-MARKET
    Retail space

    612 Lexington Ave, Thomasville, NC 27360-3660

    5,180 SF 0.28 ac lot Built 1956
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US53-2184561
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-established auto shop located at 612 Lexington Avenue in Thomasville, North Carolina. The property boasts a substantial 5,394 square feet of space, situated on a 0.29-acre lot. The single-story building offers ample natural light, multiple offices, and convenient drive-in doors, making it ideal for a variety of automotive businesses. High ceilings, approximately 14 feet, provide excellent vertical space. The asking price is $369,000, translating to a price per square foot of $55.43. This property enjoys a highly visible location on a busy thoroughfare, providing excellent exposure to potential customers. Its proximity to Business 85 ensures easy access to High Point and other nearby cities, enhancing its appeal and accessibility. The property's single-tenancy status offers a straightforward investment opportunity with potential for strong rental income or owner-operator use. This is a rare chance to acquire a well-positioned and functional auto shop in a thriving area. The property is zoned for retail use and is ready for immediate occupancy. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1956
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,180 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code C2
    APN 16-101-0-00A-0029
    UPID US53-2184561
    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
    • Wescott Auto Inc Car Dealership
    • J auto repair and sales Car Dealership
    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
    Mahi Properties INC · 4 yrs held
    Mahi Properties INC
    since 2022
    Last sale
    $170,000
    6 recorded transactions
    2022
    $170,000
    2018
    2015
    $95,000
    2015
    $50,000
    2014
    $100,000
    2014
    $50,000
    Zoning & alternative use
    C2 · Thomasville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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