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Property profile & analytics
OFF-MARKET
Retail space

707 Lafayette St E E Ste Shelby, NC 28150-5800

2,000 SF 2 ac lot Built 1987
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US53-3004720
Property summary
AI-generated overview

This exceptional retail opportunity presents a 2,000-square-foot double-unit storefront located at 707 S. Lafayette Street, Suite C, in Shelby, North Carolina. The property is a Class B building, offering a single-story layout with two units. Recently updated in March, the roof and electrical systems are in excellent condition. Priced at $200,000, this investment boasts a prime location at the intersection of W. Dixon Blvd and S. Lafayette St, a high-traffic area with a reported 38,000 vehicles per day passing the traffic light. The property's 2,000 square feet provides ample space for a variety of retail uses, making it an ideal investment for entrepreneurs seeking a thriving location in a bustling area of Shelby, Cleveland County, NC, zip code 28150. This double-unit configuration offers flexibility for multiple tenants or a single large-scale operation. The recent upgrades ensure minimal maintenance costs, maximizing return on investment. Don't miss this chance to own a piece of Shelby's vibrant retail scene.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 2,000 SF
Lot 2 ac (87,120 SF)
Zoning code GB
APN 42107
UPID US53-3004720
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
  • Shelby Post 82 Baseball Gym & Fitness Center Sports School
  • Legendary Custom Brands (Bike/Boat/Book/etc) Store
  • duplicate listing Bank Credit Union
  • Numbers Bookkeeping and Income Tax Services LLC Accounting Firm
  • Business Consulting Group, INC. Business Management Consultant Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Psu Management Group LLC · 13 yrs held
Psu Management Group LLC
since 2012
3 recorded transactions
2012
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
GB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are generally located on the fringe of the central business district and along major highway corridors, residential uses are permitted at the sam…

Zone name General Business
General category COMMERCIAL
Zone area 1,307.36 ac
Source Realmo
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