229 E Court StreetMarion, NC 28752MLS Number 3340987

  • Price: $265,000
$/month over payments
Federal 30-year interest rate: 4.94% last updated on Nov 8, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.41Acreage
  • 1999Year Built
  • 2969Square Feet
  • FrameConstruction

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Attention Investors! Opportunity to purchase a turnkey investment property with instant passive income at a 8.6% cap rate. Annual income is $22,800, and current tenant is on a ten-year triple net lease. Existing business is a well-established, reputable child care center operating with top-notch management. No immediate capital expenditures. Possible owner financing for qualified buyer. Located in Marion, North Carolina, four blocks from the city's downtown area. Shown by appointment only.

Listed by Karl Nelson of NAI Beverly-Hanks

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More Info


  • Parking Spaces


  • Year Built1999
  • ConstructionFrame
  • ConstructionTypeSite Built
  • Units1
  • Square Feet2969


  • Lot Size33X35X193X100X242X82
  • Acreage0.41


  • HeatingCentral


  • Number of Photos6
  • DatePhoto2017-11-27T14:14:58

Basic Information

  • StatusACT
  • Broker IDNCM100510
  • Property TypeCommercial
  • Property Sub TypeSpecial Purchase
  • List Price$265,000
  • Broker NameNAI Beverly-Hanks
  • ListingBoardIDAsheville Board of Realtors
  • MLS Number3340987


  • RoofArchitectural Shingle


  • CoolingCentral


  • Modification Date10/01/2018
  • View Count19


  • Building Number229
  • StreetE Court Street
  • TownMarion
  • StateNC
  • Zip28752
  • CountyMcDowell
  • Access FeaturesCity Street
  • DirectionsI-40 to Exit 86 to N.C. 226 north. Merge with U.S. 221 to Downtown Marion. Turn right onto Court Street. Turn left into driveway between building and Napa Auto Parts. Go towards back of parking lot to child care center on the right, across from School.
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