500 Main StMarion, NC 28752

Property Details for 500 Main St

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

17.85 AC

Property size (Sq ft)

39,795 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1701-06-49-5592

APU

170106495592

Description

Marion City Square, located at 500 N Main St, Marion, NC 28752, offers 39,134 square feet of immediately available space in a 155,156 square foot neighborhood center. This property boasts a prime location near downtown Marion, with convenient access to major roadways including I-40, US 221, and NC 226. The center features excellent visibility and ample parking. Suites range from 1,300 to 15,051 contiguous square feet, accommodating a variety of businesses. The property is suitable for diverse uses, including traditional office, executive office, coworking, medical office, creative office, retail, and restaurant spaces. Recently re-anchored by Ollie's Bargain Outlet, Hobby Lobby, and a local furniture store, Marion City Square benefits from strong existing tenants and a growing surrounding neighborhood. The flexible lease terms are designed to accommodate both new and established businesses, offering an attractive opportunity for various commercial ventures. While some flex units in the rear lack water, the main building offers complete commercial functionality. This is an exceptional opportunity to establish a presence in a thriving community within a well-maintained, high-visibility center. Contact us today to learn more about available spaces and lease options.

• CAP approach

  CAP return

  Valuation

  6%

  $11,288,571

  6.5%

  $10,420,220

  7%

  $9,675,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,256,332

  Geo Method

  $8,256,332

• Alternative Use

  Use

  Valuation

  Residential

  $8,789,845

  Hospitality

  $8,051,451

  Educational

  $6,698,712

  Medical

  $6,929,092

  Retail

  $10,420,220

Location Insight

City

Marion

County

Mcdowell

State

North Carolina

Latitude

35.6897

Longitude

-82.0151

CBSA code

32000

CBSA name

MARION, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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