$168.34 Per Sq Foot $10,646 est/mo Sourced by Back At You

111 E Innes Street,Salisbury, NC 28144

Salisbury NC, 28144

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Description

One of Salisbury's premier mixed-use buildings in historic downtown. Seven fantastic Class-A spaces: main-level restaurant; 2 main-level retail spaces separated by foyer with double-door entry, show-room quality windows; 4 walk-up 2nd-story apartments. Impressive rent roll, mid 6% cap rate, very low vacancy and solid rental history. Circa 1900s, two well-maintained full brick structures divided by pilasters in contrasting color: EDPM roofs. High visibility in very center of downtown historic district: NCDOT average daily traffic count 18,000. Main facade is dramatized by array of (6) pairs of tall arched windows and decorative gabled pediments. Addresses are 107-117 East Innes St, centrally located amidst a variety of successful shops, restaurants, services, and Bell Tower Green central-city park. 1-mile off exit 76/I-85. Located in Salisbury's original Historic District and listed in the National Registry. Building was restored using National Park Service Historic Guidelines.

Details

MLS#4100938
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1900
Days On Site131
Listing Provided BySalisbury Real Estate LLC | Greg Rapp

Features

SQ Feet11,138
BasementY
Story(s)2
Units7
Building(s)2
Acreage0.14
Water FrontYes
Property ViewCity

Market Activity 28144

 Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.

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Listings Checked: 7 minutes ago
StateNC
CountyRowan
CitySalisbury
Zip Code28144
AreaRowan
Listing VS Median (in 28144)
Price:
$1,875,000
low | high
Med:
$249,900
100% of Average
SqFt:
11,138
low | high
Med:
1,665
100% of Average
$ / SqFt:
$168
low | high
Med:
$150
60.842484084084% of Average
On Site:
131
low | high
Med:
32.000000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 11:13:30 AM PDT