1111 Brown St
Lexington, NC 27292 Davidson

Lexington Townes is a 58-lot townhome development opportunity on 6.60± acres along Brown Street in Lexington, North Carolina.

The three-parcel assemblage has already been advanced substantially through the development process and is being marketed as a nearly entitled / permit-ready opportunity, providing a developer the ability to step into a project where significant planning and engineering work has already been completed.

The site offers convenient access to I-85 and is positioned within the growing Lexington/Davidson County market, with connectivity to Winston-Salem, High Point, Greensboro, Salisbury and Charlotte.

The immediate area has experienced meaningful residential growth. Within a 2-mile radius, households increased approximately 12.45% between 2020 and 2025, with another 6.19% projected through 2030.

Housing fundamentals also support the development story. Approximately 52% of occupied housing within 2 miles is renter occupied, while only about 17% of the existing housing stock has been built since 2010, indicating relatively limited newer supply in the immediate area.

Lexington Townes is also located near an expanding employment base along the I-85 corridor. Marketing materials highlight major area employers including Siemens and Nucor, as well as Siemens’ approximately $220 million investment along the Brown Street corridor.

The property is located within a designated Qualified Opportunity Zone, potentially providing additional advantages for qualifying investment structures.

Property Highlights

58 proposed townhome lots
6.60± acres
Three-parcel assemblage
Nearly entitled / permit-ready
Existing engineering and development plans
Opportunity Zone location
Convenient I-85 access
Growing surrounding residential market

Full marketing package, site plans and available due diligence materials are available upon request.