$125,900
UNDER CONTRACT

402 Martin Luther King jr Blvd Lexington, NC 27292

Estimated payment $746/month

Total Views 3,782
1.07 Acres
$117,664 Price per Acre
46,609 Sq Ft Lot

Highlights

  • 1.07 Acre Lot
  • Partially Wooded Lot
  • No HOA

About This Lot

Take a close look at this 1.07-acre lot, Zoned for Multi Use and envision the possibilities for growth, whether it's constructing a new residence or a apartments complex and maybe launching a business endeavor. Conveniently located near North Main Street with easy access to Business 85, US Hwy 64, Old Hwy 64, I-85, and Hwy 52.

Listing Agent

Jeff Moorefield

Leonard Craver Realty Inc License #233067 Listed on: 07/21/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $977

Lot Details

  • 1.07 Acre Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned MU

Schools

  • Lexington City Middle School
  • Lexington City High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 0064
  • Assessor Parcel Number 1103500000064000
  • 1% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$977

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 1.07
  • Road Frontage Type: 4-Lane, City Street
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: Going north on Main Street Lexington, Right on East 5th street, Property on Left before you get too Creative Spaces/ Creative Carpet. 1.07 Acre vacant land. Address 402
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_LandDescription: Partially Cleared, Partially Wooded
  • Special Features: UnderContract

Interior Features

  • Possible Use: Commercial, Single Family
  • Basement YN: No
  • Basement YN: No

Exterior Features

  • Lot Features: City Lot, Partially Cleared, Partially Wooded

Utilities

  • Sewer: Public Sewer
  • Electric: Lexington City
  • Water Source: Public
  • Gas Company: Type: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lexington City
  • High School: Lexington City
  • Middle Or Junior School: Lexington City

Lot Info

  • Parcel #: 1103500000064000
  • Zoning: MU
  • TRIADMLS_PricePerAcre: 117663.5514
  • TRIADMLS_DeedPage: 39-42
  • TRIADMLS_DeedBook: 2576

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Tax Info

  • Tax Annual Amount: 976.87
  • Tax Block: 000
  • Tax Lot: 0064
  • Tax Map Number: 035
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 1.31

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $969 $74,570 $0 $0
2024 $969 $74,570 $0 $0
2023 $977 $74,570 $0 $0
2022 $932 $71,670 $0 $0
2021 $932 $71,670 $0 $0
2020 $925 $71,670 $0 $0
2019 $939 $71,670 $0 $0
2018 $939 $71,670 $0 $0
2017 $939 $71,670 $0 $0
2016 $939 $71,670 $0 $0
2015 $903 $71,670 $0 $0
2014 -- $88,560 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $125,900 +109.8% --
11/15/2022 11/15/22 Sold $60,000 -13.0% --
10/18/2022 10/18/22 For Sale $69,000 +15.0% --
10/14/2022 10/14/22 Pending -- -- --
10/12/2022 10/12/22 Off Market $60,000 -- --
08/30/2022 08/30/22 For Sale $69,000 -- --
Source: Triad MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $60,000 --
Warranty Deed $60,000 None Listed On Document
Warranty Deed -- None Available
Special Warranty Deed $46,000 None Available
Trustee Deed $58,000 None Available
Warranty Deed $67,000 --
Warranty Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $220,000 Construction
Source: Public Records

Source: Triad MLS

MLS Number: 1188507

Triad MLS

APN: 11-035-0-000-0064-0-0-0