308 East Center Street

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Address: 308 E Center St, Lexington, NC 27292, USA

Atlanta & Southeast + Land/Development

Created date: March 27, 2024

Date last updated: August 14, 2024

+/- 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
Subdivision of 7-acre tract possible, catering to various development needs
1.28-acre parcel contains 7 residential structures that can be repaired or demolished
1.28-acre parcel is elevated which creates great visibility as the highest point in the city
The site has 4 street frontages, and located one block from Depot District
All utilities to the site: gas, electric, sewage, water
Surrounded by numerous businesses, restaurants, shopping and entertainment facilities
High traffic counts and great visibility in prime Uptown Lexington
Lexington famous for its BBQ and festival having catered President Reagan's economic summit
N. American facility, Egger Wood Products provides 770 jobs
New passenger rail station development will create 500 new jobs and economic growth

Property 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.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Land/Development
Price:	$1,275,000
Year Built:	1976
Lot Size:	7.05 Sq ft
Opportunity Zone:	No
Property Website	Click Here