Investment opportunity - 20 S Main Street S, Marshall
commercial building w/4 rented units. - 20 S Main Street S, Marshall
street level retail space in Historic neighborhood - 20 S Main Street S, Marshall
Main St downtown - 20 S Main Street S, Marshall
Original Terrazzo entry - 20 S Main Street S, Marshall
Street level retail space - 20 S Main Street S, Marshall
17’ ceilings - 20 S Main Street S, Marshall
Original flooring.High ceilings - 20 S Main Street S, Marshall
2 bedroom apartment - 20 S Main Street S, Marshall
Kitchen - 20 S Main Street S, Marshall
Retail at 20 S Main Street S, Marshall, photo 11 of 35
Dining area - 20 S Main Street S, Marshall
Full bath - 20 S Main Street S, Marshall
Retail at 20 S Main Street S, Marshall, photo 14 of 35
Bathroom - 20 S Main Street S, Marshall
Living area - 20 S Main Street S, Marshall
Bedroom 1 - 20 S Main Street S, Marshall
Bedroom 2 - 20 S Main Street S, Marshall
Two upper floor units - 20 S Main Street S, Marshall
One bedroom apartment - 20 S Main Street S, Marshall
Living area - 20 S Main Street S, Marshall
Kitchen area - 20 S Main Street S, Marshall
Large bedroom - 20 S Main Street S, Marshall
Hardwood floors - 20 S Main Street S, Marshall
Common stairwell - 20 S Main Street S, Marshall
Mezzanine floor studio - 20 S Main Street S, Marshall
Mezzanine studio staged photo - 20 S Main Street S, Marshall
Studio overlooking French Broad River - 20 S Main Street S, Marshall
Studio space - 20 S Main Street S, Marshall
Studio bathroom - 20 S Main Street S, Marshall
Shower - 20 S Main Street S, Marshall
downtown - 20 S Main Street S, Marshall
Downtown revival. - 20 S Main Street S, Marshall
Retail at 20 S Main Street S, Marshall, photo 34 of 35
Separate Mini splits & meters - 20 S Main Street S, Marshall
35 photos

$874,500

20 S Main Street S
Marshall, NC 28753
Listed by Scot Zalewski · Daybreak Property Holdings
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1955

About this home

New price for Prime Downtown Marshall Income-Producing Investment 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.

Property details

MLS
Canopy MLS
MLS #
CAR4418040
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
45
On market date
September 1, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
1
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Brush Creek Elementary
3.5 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
347
Student:teacher ratio
12.0:1
District
Madison County Schools
Middle
Madison Middle School
3.49 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
439
Student:teacher ratio
11.6:1
District
Madison County Schools
High
Madison Early College High
1.35 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.1
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
271
Student:teacher ratio
27.1:1
District
Madison County Schools

Walkability

Blended score for Marshall's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

35
Car-dependent
out of 100
EPA National Walkability Index
8.2 / 20 -- Below average walkable
Google Places amenity density
25 / 100
Restaurants & cafes6
Grocery stores0
Parks0
Schools2
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Marshall, from live MLS data.

On the market 45 days -- 232 fewer days than Marshall's current average of 277 days.
For reference, the median list price across 159 active listings in Marshall right now is $265,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,416/mo
$174,900 down
$699,600 loan
Principal & interest$4,538
Property tax (est.)$729
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 5 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.