642 S Shaver Street
Salisbury, NC, 28144 $ 399,000
Bedrooms-- Baths-- Monthly Estimate*
$ 2,756
for $399,000. This building was built in 1930 on a lot size of 4.32.
Exceptional adaptive-reuse and redevelopment opportunity near Downtown Salisbury! Situated on approximately 4.32 acres, 642 S Shaver Street features an existing building of approximately 14,500 square feet with a unique former-school layout, multiple rooms, substantial interior space, and expansive grounds. This property presents an exciting opportunity for an investor, developer, nonprofit, faith-based organization, educational operator, or owner-user looking to reposition a distinctive asset. Potential concepts may include multifamily conversion, senior or supportive housing, educational or training space, community or nonprofit use, office/institutional use, event or assembly space, or other redevelopment opportunities, subject to zoning, approvals, and feasibility.javascript:__doPostBack('m_lbSubmit','') The property offers convenient access to Downtown Salisbury, major corridors, surrounding residential neighborhoods, and area amenities. With significant square footage and acreage already in place, this is an opportunity to create a transformative project rather than start from the ground up. Property is offered AS-IS and requires renovation. Buyer to independently verify zoning, permitted uses, utilities, square footage, acreage, building condition, code requirements, and redevelopment feasibility with the appropriate governmental authorities. Bring your vision and explore the possibilities at this one-of-a-kind Salisbury property.
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FeaturesInteriorBasement Unfinished
Basement (Y/N) Y
Below Grade Finished Area 0
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ExteriorInclusions Building Land
Lot Size Area 4.32
Road Surface Type Concrete
Road Responsibility Publicly Maintained Road
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GeneralYear Built 1930
Property Subtype Special Purpose
Parcel Number 015455
County Rowan
New Construction N
Property Type Commercial Sale
HOA N
City Salisbury
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions No Restrictions
Tax Assessed Value 317367
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* Excluded FeaturesList ByRentercasa Buyercasa LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,756
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Salisbury, NC
Average List Price $752,283
Percent of Sale Price 89%
About Salisbury, NC 33,290 Population
7% Since 2002
$ 38,765 Median Income
36.78 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/24/2026 | $399,000 | | Listed Price |