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2040 S Lake Dr 8,661 SF 100% Leased Flex Building Lexington, SC 29073 $779,000 ($89.94/SF) 12.14% Cap Rate
Investment Highlights
- Income-Producing Property with Established Tenants
- Wide range for Maximum Flexibility
- High-Visibility with Signage
Executive Summary
Turn-Key Commercial Property for Sale – Includes Land, Building & Established Business.
*Annual NOI $94,612*
Property Description:
Incredible opportunity to own a fully operational commercial property in the heart of Lexington, SC. This sale includes the land, building, and established businesses, offering a rare chance for an owner-user or investor to acquire a fully functional, income-producing asset.
Situated on a high-traffic corridor at 2040 South Lake Drive, this property features a well-maintained building with ample parking, signage visibility, and easy access to major routes. The current business operation(s) are included in the sale, making it a true turn-key investment with immediate income potential.
Highlights:
Prime Lexington location with strong traffic counts
Sale includes real estate and operating business(es)
Ideal for owner-occupants, investors, or entrepreneurs
FF&E may convey with acceptable offer
Zoned for a wide range of commercial uses
Seller prefers to sell as a package
Retail center with 4 tenants
3 one bedroom apartments
26'x76; Warehouse
Camper
Double Wide
Contact agent for full financials, equipment list, and business details. Please do not disturb the business.
*Annual NOI $94,612*
Property Description:
Incredible opportunity to own a fully operational commercial property in the heart of Lexington, SC. This sale includes the land, building, and established businesses, offering a rare chance for an owner-user or investor to acquire a fully functional, income-producing asset.
Situated on a high-traffic corridor at 2040 South Lake Drive, this property features a well-maintained building with ample parking, signage visibility, and easy access to major routes. The current business operation(s) are included in the sale, making it a true turn-key investment with immediate income potential.
Highlights:
Prime Lexington location with strong traffic counts
Sale includes real estate and operating business(es)
Ideal for owner-occupants, investors, or entrepreneurs
FF&E may convey with acceptable offer
Zoned for a wide range of commercial uses
Seller prefers to sell as a package
Retail center with 4 tenants
3 one bedroom apartments
26'x76; Warehouse
Camper
Double Wide
Contact agent for full financials, equipment list, and business details. Please do not disturb the business.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $779,000 | Building Class | C |
| Price Per SF | $89.94 | Lot Size | 1.05 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 8,661 SF |
| Cap Rate | 12.14% | No. Stories | 1 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 1978 |
| Property Type | Flex | Parking Ratio | 1/1,000 SF |
| Property Subtype | Light Distribution | ||
| Zoning | ID - Intensive Dev.. Supports a wide range of commercial, office and light industrial uses. Well suited for business owners, developers and invesestors | ||
| Price | $779,000 |
| Price Per SF | $89.94 |
| Sale Type | Investment or Owner User |
| Cap Rate | 12.14% |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 1.05 AC |
| Rentable Building Area | 8,661 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 1/1,000 SF |
| Zoning | ID - Intensive Dev.. Supports a wide range of commercial, office and light industrial uses. Well suited for business owners, developers and invesestors |
Amenities
- Signage
Utilities
- Water
- Sewer
1 1
Property Taxes
| Parcel Number | 007600-03-007 | Improvements Assessment | $9,343 |
| Land Assessment | $1,425 | Total Assessment | $10,768 |
Property Taxes
Parcel Number
007600-03-007
Land Assessment
$1,425
Improvements Assessment
$9,343
Total Assessment
$10,768
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