Prime location in the path of Lexington development. 8% CAP RATE. Commercial upside located at the busy intersection of Hwy 1 and Peach Festival Road. Sale includes 3.19 acres consisting of 1 single family home with a large storage building, 2 double wide homes, 4 single wide homes. 247 feet of frontage on Hwy 1 and 125 feet Peach Festival. Potential gross income of $40,000 annually at current (below market) rental rates. Average tenant length is 6 years! Metered for 2 additional units. Owner lives in the SFR so gross is based on proforma rental income for that unit.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.