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$400,000

Lexington, NC 27292
Listed by Rory Cummins · EXP Realty LLC Ballantyne
Bedrooms
N/A
Bathrooms
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Living area
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Year built
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About this home

Rare development opportunity in the heart of Lexington! This .98-acre parcel offers valuable Main Street frontage and exceptional potential for both residential and commercial uses. The seller has already completed conceptual plans for a 10-unit townhome community that is approved and shovel ready. This provides a strong head start for builders or investors and those plans can convey with an acceptable offer. Draft plan is also in place for a 14-unit tiny home development have also been conceptualized and has received initial pre-approval With high visibility, convenient access, and a central location near local businesses, dining, and major roadways, this site is well-suited for a variety of development strategies. Whether you’re envisioning a residential project, mixed-use concept, or alternative housing community, this property offers flexibility and exposure! Opportunities like this with Main Street frontage are increasingly rare, bring your vision and explore the possibilities!

Property details

MLS #
CAR4336133
Property type
Lot
Subdivision
N/A
Status
Active
Days on market
28
On market date
January 30, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Charles England Elementary School
1.06 mi away · Grades 1-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
339
Student:teacher ratio
14.1:1
District
Lexington City Schools
Middle
Lexington Middle School
1.21 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
720
Student:teacher ratio
16.7:1
District
Lexington City Schools
High
Lexington Senior High School
1.11 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
856
Student:teacher ratio
15.0:1
District
Lexington City Schools

Walkability

Blended score for Lexington's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

75
Walkable
out of 100
EPA National Walkability Index
11.5 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks6
Schools5
Transit stops20
Pharmacies4

Mortgage calculator

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Est. monthly payment
$2,559/mo
$80,000 down
$320,000 loan
Principal & interest$2,076
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated February 27, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.