115 Main StLexington, SC 29072

Property Details for 115 Main St

Year built

1900

Lot size

0.28 AC

Property size (Sq ft)

6,840 SF

Zone code

ID

Property type

Office buildings

APN

004320-06-010

APU

432006010

Description

This exceptional 0.59-acre commercial land parcel, located at 115 W. Main St in Lexington, South Carolina, presents a unique redevelopment opportunity. Currently featuring a 1,400 square foot existing restaurant structure, the property offers endless possibilities for new construction or adaptive reuse. Its prime location within the rapidly growing Town of Lexington ensures high visibility and accessibility. The site boasts a highly desirable location adjacent to the Icehouse Amphitheater and the newly redeveloped Virginia Hylton Park, providing proximity to numerous amenities including restaurants, shops, government facilities, and professional offices. Furthermore, its position on W. Main Street benefits from a significant traffic count of 20,100 vehicles per day, a very strong number for a two-lane road, ensuring substantial exposure for any future development. The asking price for this exceptional property is $1,750,000. This is an unparalleled chance to capitalize on the vibrant growth of Lexington, SC. Don't miss this opportunity to acquire a piece of Lexington's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,165,840

  6.5%

  $1,076,160

  7%

  $999,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $500,486

  Geo Method

  $1,158,290

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,305,880

  Retail / Commercial

  $1,145,800

  Mixed-Use / Specialty

  $1,112,850

  Hospitality / Lodging

  $778,870

  Institutional / Educational

  $1,146,590

  Residential Income

  $1,341,510

  Multifamily

  $1,769,000

  Automotive / Energy

  $982,794

  Parking / Income-Based Land

  $367,675

  Restaurant / Food Service

  $517,182

  Healthcare / Senior Housing

  $1,170,810

Location Insight

City

Lexington

County

Lexington

State

South Carolina

Latitude

33.9814

Longitude

-81.2376

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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