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869 S Lake Dr
Lexington, SC 29072
Asking Price
$1.00M
Asset Type
Commercial Retail
Class
Class B
What's Special
869 S Lake Dr., Lexington, SC 29072 <ul><li>±1.23 AC development lot</li><li>Lot was previously improved with 12,000 SF flex building but was demolished due to functional obsolescence</li><li>Water and sewer available at site</li><li>Located immediately off I-20 and has two points of ingress/egress from S. Lake Drive (Hwy. 6) and Innovation Place</li><li>Zoned General Commercial (GC), Town of Lexington</li><li>Traffic Count: 23,800 VPD</li><li>Distance to I-20: 0.3 mile</li><li>Located on highly trafficked corridor connect
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
