UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4418040
Year Built 1955
Lot Size 217 Sqft
Acres 0.005
Property Sub-Type Retail
Property Description
Own a piece of historic downtown Marshall with this distinctive two-story brick commercial and residential building, fully leased and generating $5,200 per month in rental income.
The property features charming retail space on the main level with soaring 17' ceilings and three apartments above, creating a diversified income stream in one of Marshall's most desirable and walkable locations. The building's historic brick architecture and prominent Main Street presence offer exceptional character and visibility, while the combination of commercial and residential tenants provides an attractive investment profile. The property was remodeled and updated in 2015 and again in 2025, offering modern improvements while preserving its historic charm.
With all four spaces currently rented, this property offers immediate income with no lease-up required and the potential to benefit from Marshall's continued revitalization and growing appeal as a destination for residents, tourists, visitors, and businesses.
Historic character. Established income. Prime downtown location. A compelling opportunity for the investor looking to own a piece of Marshall's future.
Location
State NC
County Madison
Zoning RA
Rooms
Basement Exterior Entry, Partial
Interior
Heating Ductless, Electric, ENERGY STAR Qualified Equipment, Separate Meters
Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Multi Units, Separate Meters
Flooring Wood
Inclusions Building, Fixtures, Land
Appliance ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dryer
Exterior
Utilities Available Electricity Connected, Fiber Optics, Satellite Internet Available, Wired Internet Available
Waterfront Description None
View City
Street Surface Paved
Accessibility Two or More Access Exits
Porch Covered, Rear Porch
Total Parking Spaces 2
Building
Lot Description Flood Plain/Bottom Land, Level
Dwelling Type Site Built
Foundation Basement
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Restrictions No Restrictions,Short Term Rental Allowed
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Special Listing Condition None
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