




505 S Lafayette St, Shelby, NC, 28150
About This Home
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.
Getting Around
Schools
Construction
Condition
- Year built: 1930
Materials
- Foundation: Crawl Space
- Construction materials: Brick Full
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator
- Laundry features: None
Bathroom Full
- Level: Main
Bathroom Full
- Level: Main
Bedrooms & Bathrooms
- Bathrooms: 2
- 1/2 bathrooms: 2
Features
- Fireplace features: Other - See Remarks
- Finished area below ground: 0
- Finished area above ground: 1,780
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,780
- Total interior livable area: 1,780 sqft
Kitchen
- Level: Main
Kitchen
- Level: Main
Office
- Level: Main
Office
- Level: Main
Property
Accessibility
- Accessibility features: Handicap Parking,Ramp(s)-Main Level
Details
- Parcel number: 72354
- Zoning: GB (General Business)
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.18 Acres
Parking
- Parking features: Parking Space(s)
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Cleveland County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,410 | $16,920 |
| Home Insurance * | $124 | $1,488 |
| Property Taxes | $221 | $2,652 |
| Electricity | $200 | $2,405 |
| Total | $1,955 | $23,460 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-28 | Listed for sale | $279,000 |
| 2011-12-16 | Sold | $100,000 |
