115 E Center St

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115 E Center St

Lexington, NC 27292
Asking Price
$4.10M
Asset Type
Retail
Class
Class B

What's Special

115 E Center Street is situated in the historic downtown core of Lexington, North Carolina. The neighborhood character is defined by a mix of established local businesses, government offices, and refurbished brick storefronts characteristic of the Piedmont region. The property is positioned within walking distance of the Davidson County Courthouse and a variety of local dining and service amenities. It offers direct access to Main Street and is located approximately two miles from the Interstate 85 and Highway 64 interchange, providing regional connectivity to Winston-Salem and High Point. As a retail asset, the location is suited for boutique shops, specialty showrooms, or personal service providers such as salons and fitness studios. The property’s street-level visibility caters to tenants seeking pedestrian foot traffic and proximity to downtown employees. Ideal tenant profiles include local entrepreneurs or regional retailers looking to capitalize on the area’s central business district revitalization. The layout and zoning support diverse commercial applications, ranging from traditional mercantile use to combined office-retail professional suites.

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NOI
$80,000
Cap Rate
1.95%
DSCR
0.33
Underwater
Cash-on-Cash
-13.29%
Monthly Payment
$20,299.405
Annual Cash Flow
$-163,592.864

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