Beautiful landmark “Belk Building” spanning three levels in uptown Lexington. This ± 21,304sf landmark property was fully renovated in 2003. Rare investment opportunity in Uptown Lexington, with Lexington Home Brands as its anchor tenant. Below market rents with significant income upside potential.
| Address: | 109 South Main Street |
| City: | Lexington |
| Zip: | 27292 |
| Avail sf ± | 21,304 |
| Price | $650,000 |
| Property Type |
Office Investment Retail |
| Avail sf ± | 21,304 |
| sf per Floor ± | 7,101 |
| Building sf ± | 21,304 |
| Year Built ± | 1930, Renovated 2003 |
| Floors ± | 3 |
| Roof | Installed in 2004 |
| Bldg Exterior | Brick & Storefront |
| Acres ± | 0.28 |
| Sprinklered | No |
| Electrical | Yes |
| Water | Yes |
| Sewer | Yes |
| Air | Yes |
| Heat | Yes |
| Gas | No |
| Zoning | Uptown Commercial |
| County: | Davidson , NC |
| Price | $650,000 |
| NOI | $45,120 |
| Cap Rate | 7% |
| Comments | Beautiful landmark “Belk Building” spanning three levels in uptown Lexington. This ± 21,304sf landmark property was fully renovated in 2003. Rare investment opportunity in Uptown Lexington, with Lexington Home Brands as its anchor tenant. Below market rents with significant income upside potential. |
