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 properties

Property subtype

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%

  $223,154

  6.5%

  $205,988

  7%

  $191,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,182

  Geo Method

  $344,438

• Alternative Use

  Use

  Valuation

  Residential

  $255,425

  Hospitality

  $233,968

  Educational

  $194,659

  Medical

  $201,353

  Retail

  $302,802

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

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