There is no favorite listings!
Property Description

A remarkable investment opportunity to purchase a fully occupied stand-alone office building just a quarter-mile from center-city Salisbury. Leased to a nationally renown charity through 12/31/25 with option through the end of 2028 with a monthly rent increase. $42,600 Gross Annual Income offered at an 8% Cap Rate with minimal landlord expenses. The full brick one-story was built in 1966 in a mid-century modern style featuring a pitched/vaulted roofline, exposed rafters, numerous large windows, exterior paneling, and sleek interior/exterior brick. It features an enormous 25′ x 33′ Meeting Room, (9) Offices, a Breakroom, (2) Restrooms, Storage, Mechanical, Lobby, and Enclosed Glass Entry. Situated on .51 acres with 96′ of frontage along W. Innes St. Asphalt parking with 20 designated spaces. Zoned RMX with an array of permissible uses. Part of a family-owned multi-property portfolio of income-producing commercial real estate available for purchase in Salisbury.

Features
Public Sewer
Address Map
USA
NC
Rowan
Salisbury
28144
Innes
620
Street
0
W81° 31' 28.2''
N35° 40' 21.4''
Sw
W
From I-85 Exit 76, head West for 2.2 miles on Innes St. Property on the right.
Additional Information
0
006185
MLS Information
Modern Brokerage
CAR8704
Jason Dolph
CAR23429
704-502-0388

Commercial Sale For Sale

620 Innes Street, Salisbury, North Carolina 28144

0 Bedrooms
2 Bathrooms
3,810 Sqft
$450,000
Listing ID #CAR4210866
Basic Details
Property Type : Commercial Sale
Property SubType : Office
Listing Type : For Sale
Listing ID : CAR4210866
Price : $450,000
Bedrooms : 0
Bathrooms : 2
Full Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,810 Sqft
Year Built : 1966
Lot Area : 0 Acre
Lot Size SqFt : 0 Sqft
Status : Active
MLS Status : Active
Days On Market : 0
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Agent info
Butch Austin
Contact Agent
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern