222 Lafayette StShelby, NC 28150

Property Details for 222 Lafayette St

Year built

1932

Lot size

0.63 AC

Property size (Sq ft)

24,000 SF

Zone code

GB

Property type

Office buildings

APN

17545

APU

17545

Description

This exceptional Class A executive office space, totaling 2,760 square feet, is now available for lease at 222 N. Lafayette Street in Shelby, North Carolina. Located in Cleveland County, this property offers a unique opportunity for businesses seeking a prestigious and functional workspace. The entire building is currently vacant, presenting a blank canvas for a discerning tenant to customize the space to their exact specifications. The building boasts ample parking, a significant advantage for employees and clients alike. The "Multiple" tenancy designation suggests flexibility in lease terms and potential for subleasing, making it an ideal choice for expanding businesses or those requiring adaptable layouts. The property's address is 222 N. Lafayette St, Shelby, NC 28150, offering convenient access to local amenities and transportation networks. This is a rare opportunity to secure a substantial, high-quality office space in a desirable location. The 2,760 square feet provides ample room for various office configurations, from individual offices to open collaborative workspaces. The property's Class A designation signifies its superior construction, modern amenities, and prime location within Shelby. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,607,756

  6.5%

  $5,176,390

  7%

  $4,806,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,064,160

  Geo Method

  $4,064,160

• Alternative Use

  Use

  Valuation

  Residential Income

  $6,418,724

  Hospitality / Lodging

  $5,879,516

  Institutional / Educational

  $4,891,688

  Healthcare / Senior Housing

  $5,059,922

  Retail / Commercial

  $7,609,294

Location Insight

City

Shelby

County

Cleveland

State

North Carolina

Latitude

35.294

Longitude

-81.5397

CBSA code

43140

CBSA name

SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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