15 2Nd StLexington, NC 27292

Property Details for 15 2Nd St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

2,880 SF

Zone code

U

Property type

Other commercial real estate

APN

11-060-0-00B-0005

APU

11060000B0005

Description

This exceptional investment opportunity presents a fully occupied, two-unit retail storefront at 15 E Second Street in Lexington, NC. The property, built in 1920, boasts 2,880 net rentable square feet across a 6,862 square foot lot, situated in a prime downtown location. Currently operating at 100% occupancy since November 22, 2022, with two established tenants, the property generates a strong net operating income (NOI) of $22,800. The building is classified as a Class B, single-story structure within a permitted U zoning district. Leases are modified, with automatic annual renewals and a termination clause for both landlord and tenant. The property benefits from its location in a designated opportunity zone, experiencing significant recent economic development and capital improvements. Its central location provides easy access to major interstates, including I-85 (Raleigh & Charlotte), I-285 (Winston-Salem), and Business 85 (High Point & Greensboro). This stabilized investment offers a compelling opportunity for a discerning buyer seeking a strong return in a thriving North Carolina market. The sale includes 100% ownership.

• Alternative Use

  Use

  Valuation

  Residential

  $361,664

  Hospitality

  $331,282

  Educational

  $275,623

  Medical

  $285,102

  Retail

  $428,747

Location Insight

City

Lexington

County

Davidson

State

North Carolina

Latitude

35.8247

Longitude

-80.2516

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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