418 5Th AveLexington, NC 27292

Property Details for 418 5Th Ave

Year built

1975

Construction

FRAME

Lot size

0.31 AC

Property size (Sq ft)

2,034 SF

Zone code

MU

Property type

Office buildings

APN

11-105-0-00C-0009-B

APU

11105000C0009B

Description

This exceptional office building at 418 W 5th Avenue in Lexington, NC, presents a fantastic investment opportunity. The property boasts a total of 1,904 heated square feet, housed within a well-maintained brick structure. The interior layout is highly functional and includes a spacious reception area, perfect for welcoming clients and creating a professional first impression. Six individual offices provide ample space for staff or tenants, ensuring privacy and productivity. Two conveniently located bathrooms cater to the needs of both employees and visitors. A fully equipped kitchen adds to the building's practicality and convenience. The building benefits from a recently installed roof, minimizing maintenance concerns for the foreseeable future. Extensive client parking is readily available in a large concrete lot, ensuring ease of access and ample space for visitors. This property is ideally suited for a variety of professional uses and represents a strong value proposition in the Lexington commercial real estate market. The combination of its functional layout, recent improvements, and convenient parking makes this an attractive option for businesses seeking a well-established and easily accessible office space. The property is offered at $220,000. The lot size is zero acres.

• CAP approach

  CAP return

  Valuation

  6%

  $252,908

  6.5%

  $233,453

  7%

  $216,778

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,182

  Geo Method

  $344,438

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $520,930

  Retail / Commercial

  $255,127

  Mixed-Use / Specialty

  $244,759

  Hospitality / Lodging

  $167,257

  Institutional / Educational

  $251,070

  Residential Income

  $293,752

  Multifamily

  $404,748

  Automotive / Energy

  $215,203

  Parking / Income-Based Land

  $83,609

  Restaurant / Food Service

  $107,114

  Healthcare / Senior Housing

  $260,696

Location Insight

City

Lexington

County

Davidson

State

North Carolina

Latitude

35.8239

Longitude

-80.2637

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].