316 Center StLexington, NC 27292

Property Details for 316 Center St

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.41 AC

Property size (Sq ft)

5,020 SF

Zone code

MU

Property type

Other commercial real estate

APN

11-066-0-00B-0005

APU

11066000B0005

Description

This exceptional 1.21-acre property, situated at 316 E Center Street in Lexington, North Carolina, presents a compelling development opportunity for discerning investors. Located on a high-traffic corridor, this parcel boasts a prime location near the vibrant Uptown Lexington and the Depot District, ensuring excellent visibility and accessibility. The property is zoned for mixed-use development, offering considerable flexibility for a range of commercial ventures. This allows for creative and diverse project planning, catering to a variety of business needs and maximizing potential returns. The strategic location within Lexington's thriving commercial landscape promises strong tenant demand and significant appreciation potential. The 1.21-acre lot size (per tax records) provides ample space for a substantial development project, allowing for expansive building plans and ample parking. This is a rare opportunity to acquire a strategically positioned property in a rapidly growing area, offering significant upside for the right developer. The asking price for this exceptional development site is $549,000. Serious inquiries are encouraged to explore the full potential of this remarkable property. Act quickly, as opportunities like this are seldom available.

• Alternative Use

  Use

  Valuation

  Residential

  $630,400

  Hospitality

  $577,443

  Educational

  $480,426

  Medical

  $496,949

  Retail

  $747,329

Location Insight

City

Lexington

County

Davidson

State

North Carolina

Latitude

35.8201

Longitude

-80.248

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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