Courtesy of: Greg Rapp, Salisbury Real Estate LLC, gregrapprealtor@gmail.com
Courtesy of: Greg Rapp, Salisbury Real Estate LLC, gregrapprealtor@gmail.com
$1,875,000
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Lot: 0.14 Acres
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Other
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$1,875,000
111 E Innes Street 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.
Courtesy of: Greg Rapp, Salisbury Real Estate LLC, gregrapprealtor@gmail.com
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