45 Depot St Marion, NC 28752
This exceptional 3-story brick building, situated on a 0.22-acre lot at 45 Depot Street in Marion, NC, presents a unique investment opportunity in the revitalized downtown area. Formerly home to the Fiesty Goldfish, this property boasts significant recent renovations to the main level, including the installation of new steel structural beams, a complete electrical upgrade, a new membrane and shingle roof, replacement windows, and refinished original hardwood flooring. The building's functionality is further enhanced by a freight elevator, a crucial asset for efficient operations, and a comprehensive wet sprinkler system installed throughout all three levels, ensuring safety and peace of mind. While the upper two levels remain unfinished, they retain their original hardwood flooring and offer considerable potential for future development and customization. The building's location within the newly renovated Depot area of downtown Marion places it at the heart of a thriving community, providing excellent visibility and accessibility. This property is priced at $799,000 and represents a rare chance to acquire a piece of Marion's rich history and contribute to its continued growth. The substantial renovations already completed provide a solid foundation for a variety of commercial uses, making this an attractive proposition for discerning investors seeking a high-return opportunity in a desirable location. The unfinished upper floors offer significant flexibility for expansion or adaptive reuse, allowing for the creation of unique and valuable spaces tailored to specific business needs.
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Marion Train Depot Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.