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505 S Lafayette Street, Shelby, NC 28150

none · Cleveland County

Key Facts

2Baths
1,780Sq Ft
1930Year Built

Description

Welcome to downtown Shelby, where historic charm and modern updates come together in this beautifully renovated brick property. Filled with character and timeless appeal, this unique space offers endless possibilities — whether you are seeking office space, an investment opportunity, or the chance to create something entirely your own. Currently zoned General Business (GB), the city zoning also permits residential use, offering exceptional flexibility for future owners. The building is presently configured as two office suites, with one side occupied on a short-term lease, but it could easily be converted back into a single residential space. Rich in history and architectural character, the property is included on the National Register of Historic Places Continuation Sheet, further enhancing its distinctive appeal and connection to the heritage of downtown Shelby. Conveniently located approximately 0.5 miles from US-74 and just outside the Central Shelby Historic District, the property provides easy access to local dining, shopping, and the vibrant energy of downtown living. Whether you envision a professional office, boutique business, income-producing investment, live/work concept, or charming downtown residence, this versatile property presents a rare opportunity to own a piece of Shelby’s history while enjoying the convenience and growth of one of the area’s most desirable downtown locations.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Year Built

1930

Living Area

1,780 sq ft

Zoning

GB (General Business)

Days on Market

28

MLS® Listing#

4387366

Property Features

Appliances

Refrigerator

Cooling

Central Air

Heating

Central

Basement

Crawl Space

Laundry

None

Construction

Brick

Sewer

Public Sewer

Water Source

Public

Schools

Elementary:
Unspecified
Middle:
Shelby
High:
Shelby

Financial Details

HOA

None

Assessed Value

$243,539

Parcel Number

72354

Affordability Calculator

$55,800

Estimated monthly payment

$1,485/mo

Principal $223,200 · Est. interest $311,384 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Shelby, NC

$302,717
Median Listing Price
75
Median Days on Market
1,600
Median Sq Ft
$170
Median Price / Sq Ft
277
Active Listings
  • This home’s price is 8% below the area median.
  • Its price per sq ft is 8% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Shelby, NC.

Location

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Points of Interest in Shelby, NC

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Moving Cost Estimate

EXIT Agents in Shelby

Carolina MLS  (Charlotte) logo

Listing Courtesy: EXP Realty LLC - cynthia.hogston@exprealty.com

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2026-05-28

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Hendersonville Board of Realtors. MLS® Listing#4387366. © 2026EXIT Realty®. All rights reserved.