808 Schenck StShelby, NC 28150

Property Details for 808 Schenck St

Year built

1967

Property size (Sq ft)

6,798 SF

Zone code

RO

Property type

Medical offices

Property subtype

Medical centers

APN

18988

APU

18988

Description

This exceptional Class A medical office building, totaling 12,745 square feet, is situated on a 1.8-acre lot in Shelby, North Carolina's hospital submarket. Built in 1967 and renovated in 1983, the two-story building offers high visibility and ample parking (48 spaces). The property is zoned RO and features two suites, with a minimum divisible space of 5,947 square feet and a maximum contiguous space of 12,745 square feet. Currently, the entire 12,745 square feet is vacant. The upper level encompasses approximately 6,798 square feet, including office areas, a reception area, and physician offices. The lower level offers approximately 5,947 square feet of additional office space, a waiting area, and exam rooms. Its prime location near the intersection of Grover and Dekalb Streets, with easy access to Highway 74, and proximity to Atrium Health Hospital and Shelby Medical Associates PA, makes this an ideal location for a healthcare practice seeking high visibility and convenient access for patients. The building's features and location offer a unique opportunity for a medical practice to establish or expand its presence in a thriving healthcare community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,588,397

  6.5%

  $1,466,212

  7%

  $1,361,483

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,173

  Geo Method

  $1,151,173

• Alternative Use

  Use

  Valuation

  Residential

  $1,818,104

  Hospitality

  $1,665,373

  Educational

  $1,385,571

  Medical

  $1,433,223

  Retail

  $2,155,332

Location Insight

City

Shelby

County

Cleveland

State

North Carolina

Latitude

35.3004

Longitude

-81.5361

CBSA code

43140

CBSA name

SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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