Former Credit Union
416 S Main St Shelby, NC 28152
416 S Main St, Shelby, NC, 28152
Contact for pricing
For Sale
Contact for pricing
Brick building with flexible layout and ample parking.
Property Size4,800 SF
Lot Size1.50 Acres
Price / SF$177.08
Days on Market827
Property Features for 416 S Main St
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 1.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing Agency
Foothills Commercial Real Estate LLC
(980) 404-1111
Listed by
Bill McCarter · License #NC 100715
Source
Crexi
Added: Apr 12, 2024 Checked: Jul 15 at 3:27 pm
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 Foothills Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This property, formerly a State Employees Credit Union, features quality brick construction with a rigid metal frame, offering layout flexibility. The building is currently subdivided for two tenants. The property includes approximately 1.5 acres and a paved parking lot with 54 spaces, including 3 handicapped spaces. It has over 210 feet of road frontage on South Main Street (NC150), with an Average Annual Daily Traffic (AADT) count of 7700 vehicles per day. Municipal water and sewer services are provided by the town of Boiling Springs. The building has a total size of 4800 square feet.
Key Highlights
- 1.5 acres of land included with the property.
- High traffic location with over 210 feet of road frontage on South Main Street (NC150) and an AADT of 7700 vehicles per day.
- Quality brick construction with rigid metal frame allowing flexible layout configurations.
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 | $106.6k | $22.20 |
| − Vacancy | −$18.9k | −$3.93 |
| EGI | $87.7k | $18.27 |
| − OpEx | −$21.9k | −$4.57 |
| NOI | $65.8k | $13.70 |
4,800 SF · lease $22.20/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$939.6K
$822.2K – $1.10M
NOI $65,774 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,329 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fresh Perspectives Nutrition ...
Physician
Christine Bach
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Brick building with flexible layout and ample parking.
Where is this office building located?
The property is located at 416 S Main St Shelby, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1.5 acres of land included with the property.; High traffic location with over 210 feet of road frontage on South Main Street (NC150) and an AADT of 7700 vehicles per day.; Quality brick construction with rigid metal frame allowing flexible layout configurations.
