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$250,000
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Property Description
Welcome to an unparalleled opportunity to own a distinctive piece of commercial real estate in the heart of Shelby, NC. This property features a unique blend of functionality and versatility, making it ideal for a range of uses-from business operations to residential living. Step into a bright and airy main level featuring large rooms with natural light, office areas and a functional freight elevator, ensuring easy transport of goods and materials. The upper level offers a spacious living room that seamlessly transitions into a dining room and kitchen and three bedrooms, featuring a Jack and Jill setup and a primary bedroom. The open basement with high ceilings presents endless possibilities. Whether you envision a creative workshop, storage, or even the hub for your business operations, this space is ready to adapt to your vision. Situated on a prominent corner lot, this property features a large parking area and driveway leading directly to the basement entrance.
Full Property Details
Full Property Details for 514 Lafayette St
General
- Sold For: $250,000
- Status: Closed
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4228608
- Added to Site: 361 day(s) ago
Interior
- Appliances: Electric Range, Refrigerator
- Flooring: Concrete, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
Parking
- Parking Features: Driveway, Parking Lot, Parking Space(s)
Location
- County: Cleveland
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Natural Gas
Structural Information
- Exterior Const.: Brick Full
- Basement: Yes
- Basement Desc.: Basement Garage Door, Basement Shop
- Roof: Architectural Shingle
- Drive-In Doors: 1
- Square Feet: 4,480
- Year Built: 1938
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Corner Lot
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Inclusions: Building, Land, Other
- Property ID: 17544
- Lot Number: 1157-634
Listed by Jolly Realty Group LLC
Sold by RE/MAX Select
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Schools
Schools serving 514 Lafayette St
School District:Cleveland County Schools
| Name | Grades | Distance |
|---|---|---|
Graham Elementary 1100 Blanton Street, Shelby, NC 28150 | PK-4 | 1.2 mi |
Elizabeth Elementary 220 South Post Road, Shelby, NC 28152 | 5-6 | 2.8 mi |
Shelby Middle 1480 South Dekalb Street, Shelby, NC 28152 | 7-8 | 2.4 mi |
Shelby High 230 East Dixon Boulevard, Shelby, NC 28152 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 514 Lafayette St
Date
Details
Price
Change
Source
12/10/2025
Sold
$250,000
-10.71%
MLS
8/01/2025
Price Reduced
$280,000
-6.35%
MLS
3/21/2025
Price Reduced
$299,000
-1.97%
MLS
3/03/2025
Listed
$305,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
514 Lafayette Street, Shelby, NC 28150 (MLS# 4228608) is a Commercial property that was sold at $250,000 on December 10, 2025. Want to learn more about 514 Lafayette Street? Do you have questions about finding other Commercial real estate for sale in Shelby? You can browse all Shelby real estate or contact a Coldwell Banker agent to request more information.

