39 State StMarion, NC 28752

  • Commercial real estate
  • 1,100 SF
For Sale
$375,000 View listing

Property Details for 39 State St

Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.05 AC
Property size (Sq ft)
1,100 SF
Property type
Commercial real estate
APN
1701-11-76-0769
APU
170111760769

Description

This exceptional downtown Marion, NC commercial property presents a unique investment opportunity. Located at 39 State St, this mixed-use offering encompasses two buildings totaling 1,425 square feet on a combined 150-foot State Street frontage, ensuring high visibility and accessibility. Built in 1925, the property features two units, currently configured as a studio apartment with kitchenette and bath, an art studio with full bath and kitchenette, and a private garden area with convenient parking lot access. The flexible layout allows for diverse uses, including retail, office space, or a restaurant, with potential for expansion by combining the buildings to create a larger open floor plan. The property's zoning (com-nec) supports a variety of commercial ventures. The asking price is $375,000, translating to $263.16 per square foot. This prime location in Marion's thriving historic downtown district offers significant potential for growth and return on investment. Additional parcels (PIN# 170111760759, 170111669970) are included. This is a rare chance to acquire a well-positioned commercial property in a growing community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $242,966
    Hospitality
    $222,555
    Educational
    $185,164
    Medical
    $191,532
    Retail
    $288,032
39 State St, Marion, North Carolina

Location Insight

City
Marion
County
Mcdowell
State
North Carolina
Latitude
35.6825
Longitude
-82.0071
CBSA code
32000
CBSA name
MARION, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$186
$30,000
$1,140
$31,140
-
$30,000
$1,140
$31,140

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