115 Main StLexington, SC 29072
- Office properties
- 6,840 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,028,685
- 6.5%
- $949,556
- 7%
- $881,730
-
Comparable approach
- Method
- Valuation
- Relative Method
- $500,486
- Geo Method
- $1,158,286
-
Alternative Use
- Use
- Valuation
- Residential
- $1,177,449
- Hospitality
- $1,078,537
- Educational
- $897,330
- Medical
- $928,191
- Retail
- $1,395,847
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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