111 E Innes Street Salisbury, NC $ 1,875,000
111 E Innes Street
$ 1,875,000
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111 E Innes Street

Salisbury, NC, 28144
$ 1,875,000
Bedrooms-- Baths-- Sq 11,138

Monthly Estimate*

$ 11,230

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Commercial Property for sale in Salisbury, NC

for $1,875,000. This 11,138 square foot building was built in 1900 on a lot size of 0.14.

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.

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Commercial Active

Price

$ 1,875,000

Property Type

Commercial

Taxes

$ 0

Style

Free Standing Store

Lot Size

0.14

Year Built

1900

Town/City

Salisbury

County/Region

Rowan

MLS | Web ID

4189523

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Fiber Optics Gas
Roof Flat Rubber
Construction Materials Brick Full
Year Built 1900
Building Design Free Standing Store
Gross Income 131468
Waterfront Features None
County Rowan
Operating Expense 24868
New Construction N
Property Type Commercial Sale
Possible Use Residential
City Salisbury
NumberOfUnitsTotal 7
Lot Size Units Acres
Number of Units Leased 7
Standard Status Active
Restrictions Historical
Tax Assessed Value 431387
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Interior
Flooring Concrete Wood
SqFt Garage 0
Number Of DocksTotal 0
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Exterior
Lot Features Other - See Remarks
Water Source City
Inclusions Building
Lot Size Area 0.14
Foundation Details Crawl Space Slab
Number of Buildings 2
Building Area Total 11138
Lot Dimensions 85x80
Road Surface Type Paved
Road Frontage Type 4 Lane Highway City Street Interstate 1 mile or Less
Road Responsibility Publicly Maintained Road
Road Frontage 80
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Internal Only
Street Number 1 111
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* Excluded Features
List By
Salisbury Real Estate Llc

Broker

Affordability Calculator

$11,230
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,230
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2024$1,875,000 Listed Price

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111 E Innes Street, Salisbury, NC, 28144 is a Commercial Property for sale at $1,875,000 with 11,138 sqft and a lot size of 0.14. 111 E Innes Street was built in 1900. The property's zip code is 28144 which is in Salisbury, NC