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508 S Lexington Ave 11,182 SF 100% Leased Office Building Burlington, NC 27215 $1,750,000 ($156.50/SF) 9.49% Cap Rate
Investment Highlights
- Remodeled in 2023
- Tenant in place
Executive Summary
Expansive 11,184 sq ft office building located in downtown Burlington, NC. This well-maintained two-story property offers an ideal layout for a variety of professional or corporate uses. The first floor features a welcoming lobby, 8 private offices, a conference room, and a kitchen/break area—perfect for client-facing operations. Upstairs, you'll find 7 additional offices, another conference room, and a second kitchen/break space, offering flexibility for growing teams or multi-department setups. With ample space, a central location, and thoughtful interior design, . Don't miss this opportunity to own a premium commercial building in a thriving downtown district. Current tenant in place.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,182 SF
Building Class
C
Year Built
1980
Price
$1,750,000
Price Per SF
$156.50
Cap Rate
9.49%
NOI
$165,996
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,591 SF
Slab To Slab
14’
Building FAR
0.39
Lot Size
0.65 AC
Zoning
B 2 - 11,184 sq ft office 2 story building located in downtown Burlington, NC. 22 parking spaces w/4 handicap on corner lot, approx .65
Parking
26 Spaces (2.33 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 135561 | Improvements Assessment | $754,568 |
| Land Assessment | $230,740 | Total Assessment | $985,308 |
Property Taxes
Parcel Number
135561
Land Assessment
$230,740
Improvements Assessment
$754,568
Total Assessment
$985,308
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508 S Lexington Ave
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