Retail Building with Laundry
1020 E MARION ST, Shelby, NC 28150
For Sale
Contact for pricing
Commercial laundry equipment, a manager’s office, and an accessible restroom are included.
Property Size3,200 SF
Price / SF$171.88
Days on Market34
Property Features for 1020 E MARION ST
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Traffic Count
Amenities
metal roof
concrete sidewalk
covered portico
commercial tiled floors
handicapped accessible bathroom
managers office
security system
TV monitor
asphalt paved parking lot
Building Details
Buildings
Construction
Listing Agency:
RE/MAX Select
Listed By:
DON L. PEELER · License NC #122980
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 12 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Select
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Investment Insights
Based on property information with market context.
This 3,200-square-foot brick and masonry retail building has commercial tile flooring, a manager’s office, a security system with TV monitor, and a unisex accessible restroom. The sale includes 33 commercial washing machines, 24 commercial dryers, two money changers, two soap vending machines, a double-bowl wash sink, folding tables, and reception furniture. A covered 23-foot-by-24-foot portico serves the front entrance, and the building has a metal roof.
The property is at 1020 E Marion St in Shelby, North Carolina, with an average daily traffic count of 13,054. Its 125-foot-by-140-foot asphalt parking area provides 28 spaces, and a concrete sidewalk runs along the full front of the building. The site is zoned GB; the listing also notes the building may accommodate other GB uses if the laundry equipment is removed.
The property is at 1020 E Marion St in Shelby, North Carolina, with an average daily traffic count of 13,054. Its 125-foot-by-140-foot asphalt parking area provides 28 spaces, and a concrete sidewalk runs along the full front of the building. The site is zoned GB; the listing also notes the building may accommodate other GB uses if the laundry equipment is removed.
Key Highlights
- 3,200‑square‑foot brick and masonry commercial building
- Includes 33 commercial washing machines and 24 commercial dryers
- 23‑foot‑by‑24‑foot covered portico at the front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,344
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,880
$766.9K
Cap Rate 7%
$547,771
$547.8K
Cap Rate 9%
$426,044
$426.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$2.8K −$0.88/SF
EGI
$54.8K $17.12/SF
− OpEx
−$16.4K −$5.14/SF
NOI
$38.3K $11.98/SF
Area
Cleveland County, NC
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,880
Cap Rate 7%
$547,771
Cap Rate 9%
$426,044
Alternative Uses
Best Use
Retail
$547.8K
$479.3K – $639.1K
NOI $38,344 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.7K
$711.1K – $948.1K
NOI $56,886 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13,054 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 28150, NC
28,517
Population
13,482
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
90%
High-School Grad
109.5 sq mi
ZIP Area
260
Density / Sq Mi
$53,027
Median Household Income
$36,843
Median Earnings
$793
Median Rent
$195,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial laundry equipment, a manager’s office, and an accessible restroom are included.
Where is this retail space located?
The property is located at 1020 E MARION ST Shelby, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,200‑square‑foot brick and masonry commercial building; Includes 33 commercial washing machines and 24 commercial dryers; 23‑foot‑by‑24‑foot covered portico at the front entrance
