446 Old Cherokee RdLexington, SC 29072

Property Details for 446 Old Cherokee Rd

Year built

2006

Lot size

0.06 AC

Property size (Sq ft)

4,374 SF

Zone code

GC

Property type

Office properties

Property subtype

Office buildings

APN

004303-01-002

APU

430301002

Description

This exceptional owner-user opportunity presents a 4,386 square foot, two-story retail building situated at 446 Old Cherokee Rd, Lexington, SC 29072. Built in 2009, this multi-tenant property (APN 004303-01-002) boasts a prime location on a major thoroughfare, benefiting from high visibility at a signaled intersection. The building is part of a three-building complex featuring medical, veterinary, and self-care services, ensuring consistent traffic flow. Its strategic location across from a school and surrounded by residential homes and similar commercial buildings guarantees a steady stream of potential customers. The property includes 14 paved parking spaces, supplemented by additional gravel parking. The interior layout is versatile, currently configured as a hair salon with massage and esthetician services, but easily adaptable to various office or retail uses. The main level features a lobby, two offices, a kitchen/laundry room, a bathroom, storage/utility closets, and ample open floor space. The upper level offers four large rooms, a bathroom, and finished storage areas. The asking price is $1,250,000, translating to $285 per square foot. This presents a rare chance to acquire a thriving commercial property in a highly desirable Lexington location. The property's strong tenant base and convenient amenities make it an attractive investment for both owner-users and investors seeking a stable, high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $657,817

  6.5%

  $607,216

  7%

  $563,843

• Comparable approach

  Method

  Valuation

  Relative Method

  $320,048

  Geo Method

  $740,693

• Alternative Use

  Use

  Valuation

  Residential

  $752,948

  Hospitality

  $689,696

  Educational

  $573,819

  Medical

  $593,554

  Retail

  $892,607

Location Insight

City

Lexington

County

Lexington

State

South Carolina

Latitude

34.0049

Longitude

-81.2325

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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