For Sale
$3,500,000

5506 Platt Springs RdLexington, SC 29073

Lexington, SC Mixed-Use Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4.41-acre commercial property in Lexington, SC, presents a unique mixed-use development opportunity. Located in a vibrant shopping center anchored by a high-performing Walmart, Lowe's, Starbucks, and McDonald's, this site boasts unparalleled visibility and accessibility. The 192,099 square foot parcel is currently vacant and zoned ID, offering flexibility for various commercial uses, including multifamily, industrial, or a combination thereof. The asking price is $3,500,000, translating to $18.22 per square foot and $793,650 per acre. The property features existing water and sewer connections, and the owner will provide stormwater hookup. This is the last large commercial parcel available within this established shopping center, offering a rare chance to capitalize on a high-growth area. The seller is open to build-to-suit options, ground leases, or fee simple sales, allowing for tailored development solutions. The property's adjacency to a Starbucks and a new Sparkle Express Car Wash further enhances its appeal and potential. This prime location and flexible development options make this a truly exceptional investment opportunity with a 10% cap rate. The APN is 007600-04-001. The property is classified as Class B. The site can be purchased in its entirety or subdivided to meet specific buyer requirements.

Highlights

  • Large commercial parcel available in established shopping center.
  • High visibility and convenient access.
  • Adjacent to Starbucks and new Sparkle Express Car Wash.
  • Build-to-suit and ground lease options available.

Property Details for 5506 Platt Springs Rd

Property type
Warehouses, Mixed-use properties
Square Feet
192,099 SF
Class
B
Lot Size (sq. ft)
192,100 SF

Location Insight

City
Lexington
County
Lexington
State
South Carolina
Latitude
33.90936527
Longitude
-81.22736871
5506 Platt Springs Rd, Lexington, South Carolina

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5506 Platt Springs Rd
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