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Property profile & analytics
FOR SALE
Showrooms

45 Depot St Marion, NC 28752

22,620 SF 0.19 ac lot Built 1898
Entity Owned 8-yr Hold Free & Clear
Property ID
US53-2651240
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1898
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,620 SF
Lot 0.19 ac (8,120 SF)
APN 1701-11-66-0570
UPID US53-2651240
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Marion Train Depot Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$939k
Blend (final) Blend
$1.03M
Owner & transaction history
Lyd Holdings LLC · 8 yrs held
Lyd Holdings LLC
since 2018
1 recorded transaction
2018
$247,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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