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23529642
23529645

2040 S Lake Dr, Lexington, SC 29073

AC
SC 133081, SC 1330081
Southern Vision Real estate
Listed by Southern Vision Real estate
$775,000
412 days on market
Updated 6 days ago

2040 S. Lake Drive

Details
APN 00760003007
Property Type Land, Mixed Use (+3)
Sub Type Apartment Building, Convenience Store (+1)
Square Footage 8,166
Net Rentable (SqFt) 8,166
Cap Rate 11.39%
NOI $88,278
Year Built 1978
Buildings 7
Acreage 1.500
Zoning ID
Investment Type Value Add

S Lake Drive Goldmine

Marketing description

FOR SALE | Turn-Key Investment Opportunity – Building, Land & Businesses Included

2040 S. Lake Drive presents a rare chance to acquire a fully operational, income-producing commercial property in the heart of Lexington, SC. Situated on a high-traffic corridor, this versatile site includes the building, land, and established businesses, offering immediate cash flow and long-term upside.

The property is zoned ID (Intensive Development), allowing for a wide range of commercial and light industrial uses. With multiple tenant spaces, prominent street signage, and a strong local customer base, it’s an ideal acquisition for investors, entrepreneurs, or owner-users seeking a value-add opportunity.


Property Highlights:

  • +- 8200 SF Building on 1.5Acres

  • Sale includes land, building, and operating businesses

  • High visibility corner lot with excellent traffic counts

  • Zoned ID – wide range of permitted uses

  • Cap Rate: 11.84% | NOI: $94,612.98

  • Priced at $799,00

  • Flexible for owner-user or investor

  • Bulk/Portfolio Sale condition

  • 4 plex Retail/office building

  • 3 one bedroom apartments

  • 26’x76’ warehouse

  • Camper

  • Double Wide

Investment highlights

Investment Highlights

  • Turn-Key Opportunity: Sale includes land, fully built-out commercial building, and operating businesses — delivering immediate income.

  • Strong Cap Rate: Offers a competitive 11.84% cap rate based on current Net Operating Income of $94,612.98.

  • High Visibility Location: Positioned on a busy corridor in Lexington with excellent signage, access, and traffic counts.

  • Zoned ID (Intensive Development): Flexible zoning allows for a wide range of commercial, retail, office, or light industrial uses.

  • Value-Add Potential: Opportunity to increase revenue through tenant repositioning, rent adjustments, or space optimization.

  • Established Tenants: Includes long-standing businesses serving the local community, contributing to stable cash flow.

  • Growing Market: Located in one of the fastest-growing areas of the Midlands, just minutes from downtown Lexington and I-20.

Listing Contacts

AC
SC 133081, SC 1330081
Southern Vision Real estate
Listed by Southern Vision Real estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$88,278.00
$7,356.50/mo

Valuation Metrics

0
DSCR
11.39%
Cap Rate
11.39%
ROI

Map

Zoning

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ID PlannedIntensive Development
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View all 82 uses
View all 82 uses
Last updated Jun 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Angela Cash
License
133081
Brokerage
Southern Visions Realty
Brokerage Address
955 Old Cherokee Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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