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111 E Innes Street

Salisbury, NC 28144
  • $1,875,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 4100938
UPDATED: 67 min ago
$1,875,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Salisbury Real Estate LLC: 704-213-6846. Copyright 2024 Canopy MLS. All rights reserved.

Description

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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MLS Grid logo Based on information submitted to the MLS GRID as of 2024-02-29T06:34:34.897 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Jamison Realty | Keller Williams Southpark nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

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111 E Innes Street Salisbury, NC 28144

  • Price: $1,875,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 67 min ago
  • ID#: 4100938
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1900
Built
County:
Rowan
Area:
Salisbury
Property Description
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.
Exterior Features

Carport YN No Construction Materials Brick Full Foundation Details Crawl SpaceSlab Garage Square Footage 0 Lot Features Other - See Remarks Number Of Bays 0 Out Buildings YN None Road Frontage 80 Road Frontage Type 4 Lane HighwayCity StreetInterstate 1 mile or Less Road Responsibility Publicly Maintained Road Road Surface Type Paved Roof FlatRubber Waterfront Features None

Interior Features

Basement Other Basement YN No Building Area Total 11138 Cooling Central Air Flooring ConcreteWood Heating Central

Property Features

Auction YN No CCRSubject To Yes City Taxes Paid To Salisbury Commercial Location Description Other Flood Plain No Gross Income 131468 Hoa Subject To None HOASubject To Dues No Inclusions Building Inside City YN Yes Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 85x80 New Construction YN No Number Of Docks Total 0 Number Of Drive In Doors Total 0 Number Of Units Leased 7 Possible Use Residential Property Sub Type Free Standing Store Rail Service No Restrictions Historical Restrictions Description Historic District exterior oversight Security Features Fire Sprinkler System Senior Community YN No Sewer Public Sewer Special Listing Conditions None Utilities Electricity ConnectedFiber OpticsGas View City Water Source City



MLS Grid logo Based on information submitted to the MLS GRID as of 2024-02-29T06:34:34.897 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Jamison Realty | Keller Williams Southpark nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Canopy MLS logo Offered by Salisbury Real Estate LLC: 704-213-6846. Copyright 2024 Canopy MLS. All rights reserved.