507 Lafayette St Shelby, NC 28150
Property profile & analytics
507 Lafayette St Shelby, NC 28150
- Auto shops
- 3,306 SF
- 0.17 lot acres
Property ID
US53-2823297
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- San Miguel Mexican Store & Restaurant / Grocery & Convenience Store / Food Market
Property Details for 507 Lafayette St
- Year built
- 1968
- Lot size
- 0.17 lot acres
- Property size
- 3,306 SF
- Zone code
- GB
- Property type
- Auto shops
- APN
- 72353
- APU
- 72353
Description
This exceptional turnkey restaurant opportunity is situated in the heart of vibrant downtown Shelby, North Carolina. The property boasts a 0.2-acre lot at 507 S Lafayette Street and is ideally positioned for high visibility and foot traffic, benefiting from its proximity to shops, entertainment, and local attractions. The interior offers a fully equipped commercial kitchen ready for immediate operation, eliminating the need for extensive upfront investment. A well-appointed bar area complements the spacious dining room, currently configured to comfortably seat up to 50 patrons. The establishment maintains an impressive 97.5 sanitation score, demonstrating a commitment to hygiene and operational excellence. The open floor plan provides flexibility for diverse business concepts, from upscale dining to casual eateries or even a unique retail venture. Handicap accessibility is a key feature, ensuring inclusivity for all patrons. The potential for outdoor seating further enhances the property's appeal. This is a rare chance to acquire a thriving business location with minimal setup time, allowing immediate focus on operations and growth. The asking price is $695,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.5403
- Latitude
- 35.2858
- CBSA code
- 43140
- CBSA name
- SHELBY, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,631
$63,013
$72,310
$135,323
-
$63,013
$72,310
$135,323
