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$334,900 -$5,000 (-1.47%) Price Reduced
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Property Description
Elevate your business presence and maximize earning potential with this striking, professional space that is both stately and welcoming. Anchoring a prime corner lot in the highly sought-after Park Place Historic District, this columned property sits just steps from vibrant downtown and benefits from a setting with proven appeal that naturally attracts clientele. The impressive historic structure offers generous square footage and a flexible layout ideal for medical or legal practices, professional offices, bed-and-breakfasts, short-term rentals, wedding venues, and more. Well-manicured grounds feature lush greenery, mature trees, and a large veranda-style porch-perfect for hosting and entertaining. On-site and street parking add convenience, while recent renovations make this an exceptional value for the savvy investor or owner-operator. This is a rare opportunity to experience and invest in quiet luxury. Sellers offering Home Warranty. Lender Financing Available with Hunington Bank - Craig Lewis.
Full Property Details
Full Property Details for 501 W 2nd Ave
General
- Price: $334,900
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4332957
- Updated: 2/2/2026
- Added to Site: 29 day(s) ago
Parking
- Garage: Yes
- Parking Features: Driveway, Detached Garage, On Street
Location
- County: Davidson
- Driving Directions: Hwy 64E to W Center St., Right on Williams St. Home Straight Ahead, at intersection of Williams St. and W 2nd Ave.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Central, Forced Air
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Electricity Connected, Natural Gas
Structural Information
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Partial, Unfinished
- Min Required: 156.63 Sq. Ft.
- Minimum Avail: 2,170 Sq. Ft.
- Year Built: 1911
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Corner Lot
- Rcmdd Zoning: TN
- Fencing (Description): Partial, Privacy
Disclosures and Reports
- Restrictions: Historical
- Inclusions: Building
- Property ID: 11-090-0-008-0005-A-0-0
- Lot Number: 2526-2314
Listed by Lantern Realty & Development LLC
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Schools
Schools serving 501 W 2nd Ave
School District:Lexington City Schools
| Name | Grades | Distance |
|---|---|---|
Southwest Elementary School, Lexington, NC 434 Central Avenue, Lexington, NC 27292 | 1-5 | 1.3 mi |
South Lexington School 1000 Cotton Grove Road, Lexington, NC 27292 | PK-K | 2.1 mi |
Lexington Middle School 100 West Hemstead Street, Lexington, NC 27292 | 6-8 | 0.9 mi |
Lexington Senior High School 26 Penry Street, Lexington, NC 27292 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 W 2nd Ave
Date
Details
Price
Change
Source
2/02/2026
Price Reduced
$334,900
-1.47%
MLS
1/07/2026
Listed
$339,900
26.36%
MLS
1/19/2022
Sold
$269,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 W 2nd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,571
—
$197,770
—
2024
$2,571
-1%
$197,770
—
2023
$2,591
34%
$197,770
34%
2022
$1,931
1%
$147,420
—
2021
$1,917
15%
$147,420
16%
2019
$1,671
—
$127,560
—
2018
$1,671
—
$127,560
—
2017
$1,671
—
$127,560
—
2016
$1,671
4%
$127,560
—
2015
$1,607
-20%
$127,560
-20%
2014
$2,002
—
$158,870
—
2013
$2,002
—
$158,870
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 W 2nd Ave
501 W 2nd Avenue, Lexington, NC 27292 (MLS# 4332957) is a Commercial property. 501 W 2nd Avenue is currently listed for $334,900 and was received on January 07, 2026. Want to learn more about 501 W 2nd Avenue? Do you have questions about finding other Commercial real estate for sale in Lexington? You can browse all Lexington real estate or contact a Coldwell Banker agent to request more information.

