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$4,200,000

Lexington, NC 27292
Listed by Chris Puckett · Lantern Realty & Development, LLC
Bedrooms
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Living area
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Year built
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About this home

Strategic Development Opportunity in Davidson County Located along the Highway 64 corridor in Lexington, North Carolina, this ±38-acre tract presents a compelling opportunity for investors, developers, and owner-users seeking a large-scale land position in one of the Triad’s growing secondary markets. The property offers strong accessibility, flexible future development potential, and proximity to major regional employment and transportation corridors. Property Highlights: * ±38 Acres of Raw, Undeveloped Land with significant potential under current zoning for retail, shopping, medical, entertainment, storage, or mixed-use development. * Excellent Highway Access with frontage and visibility along E Highway 64, providing direct connectivity to Lexington, Asheboro, and the greater Piedmont Triad region. * Strategic Central Location between Charlotte, Greensboro, and Winston-Salem markets. * Development Flexibility suitable for a wide variety of future uses subject to zoning and municipal approvals. * Growing Regional Demand driven by continued population growth and industrial expansion throughout Davidson County and surrounding Triad communities. * Strong Long-Term Appreciation Potential in an expanding logistics and manufacturing corridor. * Large Contiguous Acreage increasingly difficult to find in Davidson County, creating scarcity value for future development. * Favorable Topography & Scale offering efficient site planning opportunities for phased development or a single-user campus concept. * Opportunity Zone for Investors Seeking Land Banking or Future Entitlement Upside. Location Advantages: * Convenient access to US Highway 64, a key east-west transportation corridor. * Within driving distance of major regional employers, manufacturing hubs, and distribution centers. * Accessible to the broader Piedmont Triad region, including: - Greensboro - Winston-Salem - High Point - Asheboro - Salisbury * Positioned within Davidson County, an area experiencing continued residential and commercial growth. Davidson County’s population is estimated at more than 180,000 residents and continues to expand within the greater Triad region. Investment Potential: This property offers investors the opportunity to acquire a sizable land tract with long-term upside in a market benefiting from continued infrastructure investment, industrial growth, and regional migration trends. The combination of highway access, development scale, and location within the expanding Triad corridor positions the site as an attractive candidate for future retail, office, restaurant, medical, storage, recreational, or mixed-use projects.

Property details

MLS #
CAR4386782
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
June 1, 2026
Stories
N/A
Garage spaces
N/A
Lot size
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Davis-Townsend Elementary
1.2 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
402
Student:teacher ratio
14.9:1
District
Davidson County Schools
Middle
Lexington Middle School
3.77 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
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
Davidson County High School
0.45 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
83
Student:teacher ratio
7.5:1
District
Davidson County Schools

Mortgage calculator

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Est. monthly payment
$25,443/mo
$840,000 down
$3,360,000 loan
Principal & interest$21,793
Property tax (est.)$3,500
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 1, 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.