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111 E Innes Street
Salisbury NC 28144 US

$1,875,000

Active Listing ID 4189523
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Lot: 0.14 Acres
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$1,875,000

Active Listing ID 4189523
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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.

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Floor Covering: Concrete, Wood
  • Roof Type: Flat, Rubber

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1875000
  • unparsedaddress: 111 E Innes Street
  • postalcity: Salisbury
  • stateorprovince: NC
  • country: US
  • postalcode: 28144
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.14
  • lotsizeunits: Acres
  • lotsizearea: 0.14
  • livingarea: 11138
  • livingareaunits: Square Feet
  • latitude: 35.66683
  • longitude: -80.469644
  • listagentfullname: Greg Rapp
  • listagentemail: gregrapprealtor@gmail.com
  • listagentkey: 3yd-CMLSNC-24883
  • listagentmlsid: 24883
  • listagentpreferredphone: 7042136846
  • listagentofficephone: 7042136846
  • listofficekey: 3yd-CMLSNC-14092
  • listagentstatelicense: 210485
  • listofficemlsid: 14092
  • disclaimer: Copyright © 2024 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CMLSNC
  • yearbuilt: 1900
  • listingcontractdate: 2024-10-07
  • listagenturl: http://www.realestatesalisbury.net
  • countyorparish: Rowan
  • parcelnumber: 0105521
  • constructionmaterials: Brick
  • flooring: Concrete, Wood
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Flat, Rubber
  • view: City
  • waterfrontyn: False
  • architecturalstyle: Other
  • securityfeatures: Fire Sprinkler System
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -80.46964, 35.66683
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Salisbury Real Estate LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"gregrapprealtor@gmail.com", "ListBrokerageCity":"Salisbury", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Salisbury Real Estate LLC", "ListBrokeragePhone":"7042136846", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"NC", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"304 E Bank St", "ListBrokerageWebsiteUrl":"http://www.realestatesalisbury.net", "ListOfficeAddress1":"PO Box 257", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"24883", "ListOfficeCity":"Salisbury", "ListOfficeCountry":"US", "ListOfficeEmail":"gregrapprealtor@gmail.com", "ListOfficePostalCode":"28145", "ListOfficeStateOrProvince":"NC", "ListPriceCurrencyType":"USD", "ListingTitle":"Free Standing Store - Salisbury, NC", "ListingURL":"https://listings.listhub.net/pages/CMLSNC/4189523/?channel=rexren", "MLSModificationTimestamp":"2024-10-07T08:56:03Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 9:09:57 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Greg Rapp, Salisbury Real Estate LLC, gregrapprealtor@gmail.com

Copyright © 2024 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.