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520 Salem St 3,528 SF 100% Leased Retail Building Lexington, NC 27292 $395,000 ($111.96/SF)

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EXECUTIVE SUMMARY

Good size retail building on high visibility corner in Lexington. Very high traffic count, many other businesses close by. Previous uses include coffee shop, laundromat, and dry cleaners.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,528 SF
Building Class
C
Year Built
1950
Price
$395,000
Price Per SF
$111.96
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.53 AC
Zoning
CC
Parking
8 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
40’ on GRIMES CIR

AMENITIES

  • Signage

NEARBY MAJOR RETAILERS

Food Lion
Bank OZK
Truist
The YMCA

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 11-024-0-000-0006-0-0-0
  • 11-024-0-000-0033-0-0-0
  • 11-024-0-000-0034-0-0-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$152,290
  • Listing ID: 35459370

  • Date on Market: 4/11/2025

  • Last Updated:

  • Address: 520 Salem St, Lexington, NC 27292

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