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1170 E Marion St
Shelby, NC 28150
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Growth Area - The Charlotte MSA ranks among the top MSA’s in US for growth.
- Located in Opportunity Zone.
- Strong Location - Subject is located in a commercial trade area adjoining established residential areas.
EXECUTIVE SUMMARY
Property located in an Opportunity Zone in the Charlotte MSA, one of the top MSA's in the US for growth. The property is located in a commercial trade area adjoining established residential areas, on a signalized corner with high traffic roads (E Marion St 13,000 AADT and Cherryville Rd: 11,000 AADT). The property is bordered by 3 streets and has 3 ingress/egress points.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,673 SF
Building Class
C
Year Built
2008
Price
$3,750,000
Price Per SF
$255.57
Cap Rate
6.90%
NOI
$258,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.52 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Frontage
50’ on E Marion St
AMENITIES
- Corner Lot
- Signalized Intersection
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 26771 | Improvements Assessment | $1,254,761 |
| Land Assessment | $327,906 | Total Assessment | $1,582,667 |
PROPERTY TAXES
Parcel Number
26771
Land Assessment
$327,906
Improvements Assessment
$1,254,761
Total Assessment
$1,582,667
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