Mixed-Use Live/Work
551 West Main Street Clayton, NC 27520
551 West Main Street, Clayton, NC, 27520
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For Sale
Contact for pricing
Two-level live/work building with residential space upstairs and a ready-for-commercial first floor, plus five on-site parking spaces.
Property Size4,360 SF
Price / SF$171.79
Days on Market8
Property Features for 551 West Main Street
General Information
- Standard status
- Active
- Size
- 4,360 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing agency
RE/MAX Executive
(704) 662-0095
Listed by
Jamie Purvis · License #283426
Source
Crexi
Added: Jul 15 Updated: Jul 22 at 6:01AM Checked: Jul 22 at 6:01AM
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 Executive
Investment Insights
Based on property information with market context.
This mixed-use live/work building offers approximately 4,360 square feet across two levels. The upstairs portion includes residential space, while the downstairs level is set up for commercial use. The first floor provides approximately 2,600 square feet, and the second floor provides approximately 1,100 square feet, creating flexibility for owner-occupants or separate use of the two levels. The property has been well maintained, including a new roof installed in 2019, along with two new HVAC systems installed in August 2022 and August 2025.
Zoned SUP (Special Use Permit), the building is located on W. Main St. in Clayton, with strong road visibility and easy access to US 70 and NC 42. The surrounding area includes a mix of retail, dining, and service businesses, with downtown amenities close by. Five on-site parking spaces are available for visitors and tenants.
The versatile layout supports multiple ways to configure the space within the building’s live/work setup and SUP zoning framework.
Zoned SUP (Special Use Permit), the building is located on W. Main St. in Clayton, with strong road visibility and easy access to US 70 and NC 42. The surrounding area includes a mix of retail, dining, and service businesses, with downtown amenities close by. Five on-site parking spaces are available for visitors and tenants.
The versatile layout supports multiple ways to configure the space within the building’s live/work setup and SUP zoning framework.
Key Highlights
- Two‑level mixed‑use building with residential space upstairs and commercial‑ready first floor on W. Main St. in Clayton
- Approx. 4,360 sq. ft. total: approx. 2,600 sq. ft. first floor and approx. 1,100 sq. ft. second floor
- Zoned SUP (Special Use Permit) for mixed‑use/live‑work flexibility
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.3k | $24.60 |
| − Vacancy | −$18.0k | −$4.13 |
| EGI | $89.2k | $20.47 |
| − OpEx | −$22.3k | −$5.12 |
| NOI | $66.9k | $15.35 |
4,360 SF · lease $24.60/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$956.1K
$836.6K – $1.12M
NOI $66,928 @ 7.0% cap · market cap 8.94%
Second Best
Mixed Use
$644.7K
$564.1K – $752.1K
NOI $45,126 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,330 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Academy of Angels
Daycare Center
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-level live/work building with residential space upstairs and a ready-for-commercial first floor, plus five on-site parking spaces.
Where is this live-work space located?
The property is located at 551 West Main Street Clayton, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑level mixed‑use building with residential space upstairs and commercial‑ready first floor on W. Main St. in Clayton; Approx. 4,360 sq. ft. total: approx. 2,600 sq. ft. first floor and approx. 1,100 sq. ft. second floor; Zoned SUP (Special Use Permit) for mixed‑use/live‑work flexibility
