Lexington, SC, August 24, 2025
News Summary
Lexington, SC, is experiencing a vibrant transformation in its real estate market, highlighted by the sale of Dr. James Steele’s historic property for $600,000 and the opening of new restaurants. The locality, increasingly appealing to businesses, is seeing commercial growth and an influx of residents, underscored by a population rise of 24% over the last decade. Future developments include hotels and modern dining establishments which aim to blend innovation with historic charm.
Lexington, SC is witnessing a surge in its real estate market, marked by the recent sale of a historic property and the opening of several new restaurants. The former office of Dr. James Steele, located at 401 W. Main St., has been sold for $600,000. The property spans a 3½-acre parcel and includes a home over a century old. James Kirkland, who heads a group of investors involved in the acquisition, has chosen not to disclose any future plans for the property.
This sale comes at a time when interest and development are rapidly increasing in the vicinity, with new eateries and shops making the area even more attractive. After sitting vacant for a decade, the property was successfully sold, highlighting the bustling nature of property along Main Street, which real estate experts describe as a “hot commodity.” John Gregory from NAI Columbia indicated that Main Street Lexington is becoming increasingly desirable, as evidenced by recent commercial transactions, particularly the sale of Alodia’s Cucina Italiana for $2.4 million.
In addition to residential growth, the commercial landscape is evolving with the openings of new establishments such as O’Hara’s Public House, Keg Cowboys, and Bodhi Thai. Additional businesses, including Craft Axe Throwing and Bubba’s Biscuit, have also made their way to Main Street, further enlivening the local economy. The recent surge in businesses reflects the town’s thriving environment and growing population. In 2019, Lexington County recorded a 1.5% population growth rate, surpassing that of its neighboring counties. Over the last decade, the town’s population has grown by 24%, now exceeding 22,000 residents.
The historic context of the property sold plays a significant role in its value. The building served as a medical office until the early 1980s. Additionally, remnants of the town’s past include a second home built for the sisters of Lexington County, which was demolished in the late 1960s. There are possibilities that the site might qualify for historic and abandoned building tax credits.
New developments on Main Street do not stop at historical renovations; a new Mexican restaurant, Na’cho Margarita, aims to open at 712 W. Main St. The restaurant takes the place of RF’s Corner Grill, which closed earlier this year. Na’cho Margarita has already established its first location in Prosperity at Lake Murray, which opened in summer 2023. The shopping center situated on W. Main Street enjoys high visibility, with roughly 40,000 vehicles passing by each day.
Plans for further development include a new hotel slated to open in summer 2026, featuring over 100 rooms and an event venue, with the potential for a rooftop bar. Local town leaders emphasize their commitment to being business-friendly and welcoming new developmental initiatives.
Moreover, another restaurant project is underway, aiming for a modern steakhouse concept anticipated to open in January 2025 at 101 W. Main St.. Experienced restaurateurs from the Midlands are spearheading this development, which seeks to provide an upscale yet approachable dining experience through a curated menu while preserving the property’s historic charm. Specific details concerning the name and menu will emerge as renovations progress.
Conclusion
The recent real estate activity in Lexington highlights a dynamic market poised for continued growth and revitalization, where heritage and innovation intertwine, creating a compelling environment for both investors and residents.
FAQ
What was the recent property sale in Lexington?
The former office of Dr. James Steele was sold for $600,000, located at 401 W. Main St., encompassing a 3½-acre parcel and a 100-year-old home.
What new restaurants have opened recently on Main Street?
New openings include O’Hara’s Public House, Keg Cowboys, Bodhi Thai, Craft Axe Throwing, and Bubba’s Biscuit, among others. A new Mexican restaurant called Na’cho Margarita is also planning to open soon.
What is the population growth in Lexington County?
Lexington County experienced a population growth of 1.5% in 2019, contributing to a total growth of 24% over the past decade, bringing the population to more than 22,000 residents.
What are the future plans for the property at 401 W. Main St.?
Future plans for the property remain undisclosed by its new owners, though it may qualify for historic and abandoned building tax credits.
Key Features Chart
| Feature | Details |
|---|---|
| Property Sold | 401 W. Main St., Lexington, SC |
| Sale Price | $600,000 |
| Property Size | 3½ acres |
| Year Built | Over 100 years ago |
| Population Growth | 1.5% in 2019, 24% over the last decade |
| New Businesses Opened | O’Hara’s Public House, Keg Cowboys, Bodhi Thai, Craft Axe Throwing, Bubba’s Biscuit, and more |
| Future Developments | New hotel and modern steakhouse opening in the coming years |
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Additional Resources
- Post and Courier: Historic Doctor’s Office Sells
- Wikipedia: Lexington, South Carolina
- The State: Local News
- Google Search: Lexington SC real estate
- WLTX: Lexington Hotel Proposal
- Encyclopedia Britannica: Lexington
- Cola Daily: Modern Steakhouse Coming
- Google News: Lexington SC business news
Author: STAFF HERE LEXINGTON WRITER
The LEXINGTON STAFF WRITER represents the experienced team at HERELexington.com, your go-to source for actionable local news and information in Lexington, Fayette County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Woodland Art Fair, Crave Food and Music Festival, and Railbird Festival. Our coverage extends to key organizations like Commerce Lexington and Blue Grass Community Foundation, plus leading businesses in education, manufacturing, and technology that power the local economy such as University of Kentucky, Toyota Motor Manufacturing, and Lexmark. As part of the broader HERE network, including HEREBowlingGreen.com and HERELouisville.com, we provide comprehensive, credible insights into Kentucky's dynamic landscape.
