The 16-acre property (Zoned ID - Intensive Development) is geographically situated in an area of Lexington County that has experienced significant residential growth over the past decade, specifically the emersion of single-family homes ranging from the upper $100,000's to mid $200,000 price point. With the new rooftops has come significant retail and other commercial development along Platt Springs Road and South Lake Drive, just south of the center of the Red Bank Community. There is a continued and ongoing residential development in this area, and the population growth trajectory is expected to continue in an upward direction. With favorable schools and a continued favorable development climate within Lexington County, this area should continue to see positive economic growth and commercial investment, especially within a 2-mile radius on Platt Springs and South Lake Drive. Of note: Lexington School District #1 purchased 33 raw acres along with South Lake Drive on the south side of Platt Springs Road, at the intersection of South Lake Drive and Bluefield Road. Plans include the construction of a new elementary school to the commission in 2022.
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