Published on: Wednesday, July 3, 2024
Updated on: Wednesday, July 3, 2024
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About the Lister
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Name: Guzel Lubinski
Company: Golde Group Real Estate
Office Phone: 312-237-0290
Cell Phone: 312-237-0290
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308 East Center Street Lexington North Carolina , 27292
308 East Center Street Lexington North Carolina                                                                                      , 27292 Golde Group Real Estate
Listing ID: CL-North Carolina-10

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-North Carolina-10
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: N/A SqFt
Lot Size: 7 Acre
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Undevelope Land
Listing Summary
Introducing a prestigious 7.05-acre mixed-use development land in Uptown Lexington, NC.
Complete Details
Year Build: N/A
Building Size: N/A
No of Stories: N/A
Total Lot Area: 7 Acre
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Undevelope Land
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Introducing a prestigious 7.05-acre mixed-use development land in Uptown Lexington, NC. Possible division of 7 acre tract, catering to various development needs. There are 7 unregistered historic structures built as residential homes on 1.28-acre parcel on East Center St. excluding left and right block corners. These structures are vacant, in need of extensive repairs and renovations with possible Lexington grant funds for rehabilitation. Main structure facing Center Street of 4,952 SF is ideal for corporate office and great value with development of remaining acres. The 1.28+- parcel can provide a corner wrap in two directions to stop lights at North Church St and Cherry St./Fairview Dr. The property is somewhat elevated above East Center St and Fairview Dr on the highest point in the city. There is an existing signage on property at East Center St. Traffic light at Cherry Street/Fairview Drive and East Center Street of 308 Block. Traffic light at Church Street and East Center Street of 308 Block. Property is surrounded by bustling businesses, office centers, and with high traffic flow from I-85 and High Rock Lake. Lexington is world famous for its barbecue and hosts the largest city festival in America. Major industries include PPG, Kimberly-Clark, Lexington Furniture, Leggett and Platt, the International Furniture Market and their numerous supporting firms. In 2020, Lexington was selected to receive $25 million through the BUILD grant program to build a passenger rail station, scheduled to be completed no later than October 2027. In March 2023, Siemens Mobility announced that it chose Lexington as their new home to a new $220+ million advanced manufacturing and rail services facility. The East Coast facility will create more than 500 new jobs to become one of the City's largest employers and the largest taxpayer in the City's history.
Additional Properties
Property Highlights
  • +/- 7.05-acre mixed-use development land in the city of Lexington, NC, which is 12 miles from the center of Winston Salem, 10 miles from High Point, 5 miles from Thomasville and 18 miles from Greensboro
  • A 1.28-acre parcel with 7 residential structures, which can be repaired or demolished. The elevated location offers excellent visibility as the highest point in the city.
  • The site has 4 street frontages, and located one block from Depot District
  • Surrounded by numerous businesses, restaurants, shopping and entertainment facilities High traffic counts and great visibility in prime Uptown Lexington
Property Utilities
  • City utilities on site: Water, gas, electricity, sewage
Listing Location
Attached Documents
  • Download | 308_E_Center_St_Lexington_NC_Flyer_FINAL.pdf ( 2,394.12KB)
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