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107 W Warren StreetShelby, NC 28150Price: $674,900

  • Price: $674,900
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
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CAR3773530
  • $674,900List Price
  • 12,100Square Feet
  • 0.13Acreage

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The "J.C. Penney Building" is located at the busy corner of Lafayette St/NC-18 and Warren St, directly across from the Earl Scruggs Center. The building has been a retail hub since the early 1930s and is within walking distance of restaurants, entertainment, and shopping. The property was built to the design specifications of the J.C. Penney Corporation who occupied it for over 55 years, and is now a contributing property in the Central Shelby Historic District on the National Register of Historic Places. 12,100 sf across 4 floors (including mezzanine and basement). 11,000 AADT on Lafayette and 4,600 AADT on Warren St (2016). The current owner has remodeled the space (ceilings, walls, heat, air conditioning, and bathrooms). Rooftop space is being created that will include safe access, railings, and a stage. Nearby business include an award winning brewery, pet store, a beer/wine bar, restaurants, and local artist cooperative. This property is located in an opportunity zone.

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Listed by Russ Putnam of Point 135 Real Estate

Broker Reciprocity © 2021 by the Canopy MLS. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of November 26, 2021 8:21 PM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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