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$299,000 Just Listed

  • For Sale
  • Active
  • Retail
  • Updated 2 days ago
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Prime opportunity with 50+ CAR PARKING and 4,300+ sq. ft. of space with commercial kitchen! The current active restaurant business is not for sale. Higher traffic Lexington, NC location! Think café, bistro, quick-serve concept, specialty eatery, commercial kitchen use & MORE! Situated on a main thoroughfare with excellent signage exposure and strong residential & commuter traffic! Ample parking and flexible seating make this a special opportunity for restaurateurs or investors seeking an established location with immediate revenue potential. Building may be in need of some maintenance items/repairs and some flat roof leaks noted. Selling AS-IS. Don't miss this opportunity to own and operate in one of Lexington's commercial corridors!

Full Property Details for 518 Southbound St

General

  • Price: $299,000
  • Status: Active
  • Type: Retail
  • Source: Triad_MLS
  • MLS ID: 1207717
  • Updated: 2/2/2026
  • Added to Site: 6 day(s) ago

Business

  • Business Type: Retail

Location

  • County: Davidson
  • Driving Directions: From I-85 in Lexington, NC, take Exit 91. Turn right onto Cotton Grove Rd. Bare left onto

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Year Built: 1953

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Owner Sale

Listed by John Christian Luxury Real Estate

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Listing agents

— 518 Southbound St —

  • John Christian Luxury Real Estate

  • John Christian Luxury Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 518 Southbound St

School District:Lexington City Schools
NameGradesDistance
Southwest Elementary School, Lexington, NC
434 Central Avenue, Lexington, NC 27292
1-50.9 mi
South Lexington School
1000 Cotton Grove Road, Lexington, NC 27292
PK-K1.8 mi
Lexington Middle School
100 West Hemstead Street, Lexington, NC 27292
6-81.4 mi
Lexington Senior High School
26 Penry Street, Lexington, NC 27292
9-121.1 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 518 Southbound St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/30/2026
Listed
$299,000
279.76%
MLS
3/24/2020
Sold
$78,733
—
Public Record
Get Price Alerts and Save Property
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 for 518 Southbound St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,518
—
$270,570
—
2024
$3,518
-1%
$270,570
—
2023
$3,544
—
$270,570
—
2022
$3,544
1%
$270,570
—
2021
$3,518
3%
$270,570
3%
2019
$3,428
—
$261,700
—
2018
$3,428
—
$261,700
—
2017
$3,428
—
$261,700
—
2016
$3,428
4%
$261,700
—
2015
$3,297
-12%
$261,700
-12%
2014
$3,749
821%
$297,570
821%
2013
$407
—
$32,320
—
View All
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 for 518 Southbound St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by John Christian Luxury Real Estate

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518 Southbound Street, Lexington, NC 27292 (MLS# 1207717) is a Retail property with 0 bedrooms and 0 full bathrooms. 518 Southbound Street is currently listed for $299,000 and was received on January 30, 2026. Want to learn more about 518 Southbound Street? Do you have questions about finding other Retail real estate for sale in Lexington? You can browse all Lexington real estate or contact a Coldwell Banker agent to request more information.

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