Technical
Financial
Distress signals
Property profile

551 Ct St Marion, NC 28752

OFF-MARKET
Retail space
Property ID
US53-2858925
3,712 SF 0.28 ac lot Built 1942
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.33-acre commercial lot, located at 551 E Court Street in the heart of Downtown Marion, North Carolina, presents a unique investment opportunity. Zoned C-2, this vacant land offers a multitude of development possibilities for discerning entrepreneurs. The property boasts convenient access to city water and sewer, eliminating significant infrastructure hurdles and streamlining the development process. Its central location within Marion's vibrant downtown area ensures high visibility and accessibility for any future business. Imagine a thriving restaurant, a stylish retail space, modern office suites, a medical facility, or even an automotive service center – the possibilities are truly limitless. This property is ideally positioned to capitalize on the ongoing growth and revitalization efforts currently underway in Marion. The strategic location and flexible zoning make this an exceptional opportunity for investors seeking a high-impact commercial venture. Don't miss this chance to secure a prime piece of Marion's burgeoning commercial landscape. The asking price is $249,000. Serious inquiries are encouraged. Contact us today to learn more about this exciting development opportunity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1942
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,712 SF
Lot 0.28 ac (12,376 SF)
APN 1701-08-88-8876
UPID US53-2858925

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

551 Ct St Marion, NC 28752-3516
Marion metro Census 970300 MARION, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$140k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2022
Last sale
$136,000
1 recorded transaction
2022
$136,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 551 Ct St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message