511 S Main St

42,688 / 0.98
Lot Size / Acres

Description

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...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!
  1. Listed by Rory Cummins • EXP Realty LLC Ballantyne • 704-622-4865
LISTING UPDATED: 01/30/2026 12:10 PM

Property Details for 511 South Main Street

StatusActive
MLS #4336133
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Lot
Year Built-
Lot Size0.98 AC
CountyDavidson County

Location

Listing Courtesy of EXP Realty LLC Ballantyne
Add your commute

Building Information for 511 South Main Street

Lot Size0.98 AC

Payment Calculator

$2,138 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,950

Property Taxes

$188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 South Main Street

Summary
Location and General Information
  • Road Frontage Type: City Street
  • Longitude: -80.257953
  • Latitude: 35.819227
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $173,320.00
  • Parcel Number: 11-113-0-00K-0001-B-0-0
  • City Taxes Paid To: Lexington
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Sq Ft Building Minimum: 0
  • Lot Size Units: Acres
  • Possible Use: Commercial, Multi-Family, Residential
  • Property Type: Land
Property and Assessments
  • Geocode Confidence: High
  • Photos Count: 5
  • Road Responsibility: Publicly Maintained Road
  • Senior Community YN: No
  • Restrictions: No Representation
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Pool Private YN: No
  • Road Surface Type: Paved
Interior Features
  • Habitable Residence YN: No
Rental
Rent Information
  • Lease Considered YN: No

Property History for 511 South Main Street

DateEvent & SourcePriceAppreciation
Jan 30, 2026

Listed (Active)

CANOPY #4336133

$400,000
Jan 18, 2026

Withdrawn

TRIAD #1162916

$275,000
Dec 16, 2025

Temporarily Off Market

TRIAD #1162916

Dec 16, 2025

Expired

TRIAD #1162916

Dec 16, 2025

Withdrawn

TRIAD #1162916

Sep 4, 2025

Price Change

TRIAD #1162916

$275,000
Jan 27, 2025

Price Change

TRIAD #1162916

$295,000
Jan 25, 2025

Listed (Active)

TRIAD #1162916

Jan 15, 2025

Price Change

TRIAD #1162916

$325,000
Jan 2, 2025

Temporarily Off Market

TRIAD #1162916

Jan 2, 2025

Expired

TRIAD #1162916

Nov 12, 2024

Listed (Active)

TRIAD #1162916

$350,000
Jun 14, 2022

Sold (Public Record)

Public Record #1501829511

$155,000

+22.4% / yr

Apr 17, 2019

Sold

TRIAD #925413

$80,000
Mar 26, 2019

Listed (Active)

TRIAD #925413

$89,900
Mar 6, 2019

Sold (Public Record)

Public Record #643064519

$80,000

-20.5% / yr

Oct 29, 2018

Expired

TRIAD #856678

Oct 29, 2017

Listed (Active)

TRIAD #856678

$89,900
Aug 3, 2006

Sold (Public Record)

Public Record #246352511

$1,430,000
DateEvent & SourcePrice
01/30/2026

Listed (Active)

CANOPY #4336133

$400,000
01/18/2026

Withdrawn

TRIAD #1162916

$275,000
12/16/2025

Temporarily Off Market

TRIAD #1162916

12/16/2025

Expired

TRIAD #1162916

12/16/2025

Withdrawn

TRIAD #1162916

09/04/2025

Price Change

TRIAD #1162916

$275,000
01/27/2025

Price Change

TRIAD #1162916

$295,000
01/25/2025

Listed (Active)

TRIAD #1162916

01/15/2025

Price Change

TRIAD #1162916

$325,000
01/02/2025

Temporarily Off Market

TRIAD #1162916

01/02/2025

Expired

TRIAD #1162916

11/12/2024

Listed (Active)

TRIAD #1162916

$350,000
06/14/2022

Sold (Public Record)

Public Record #1501829511

$155,000

+22.4% / yr

04/17/2019

Sold

TRIAD #925413

$80,000
03/26/2019

Listed (Active)

TRIAD #925413

$89,900
03/06/2019

Sold (Public Record)

Public Record #643064519

$80,000

-20.5% / yr

10/29/2018

Expired

TRIAD #856678

10/29/2017

Listed (Active)

TRIAD #856678

$89,900
08/03/2006

Sold (Public Record)

Public Record #246352511

$1,430,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 511 South Main Street

Taxable ValueLand-Additions-Total-
Tax Record2025$2,253 ($188 / month)
Home Facts
Beds0Lot Size14,201 SqFtStyleMiscellaneous Vacant LandZoningBCountyDAVIDSONAPN11-113-0-00K-0001-B

Schools near 511 South Main Street

This home is within Lexington City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Charles England Intermediate School
Public1 to 5

Lexington Middle School
Public6 to 8

Lexington Senior High School
Public9 to 12

Southwest Elementary School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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511 South Main Street is a 0.98 ac of land for sale in Lexington, NC 27292. This property was listed for sale on January 30, 2026 by EXP Realty LLC Ballantyne, it's currently listed at $400,000. It has been on the market for a total of 9 days and was last sold on June 14, 2022. This listing's school district is Lexington City School District. Nearby schools include Charles England Intermediate School, Lexington Middle School and Lexington Senior High School. 511 South Main Street is a 0-bed, 0-bath, 0.98 ac of land on a 42,688 sq. ft. / 0.98 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty LLC Ballantyne

Based on information submitted to the MLS GRID as of 01/30/2026 12:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.