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620 W Innes Street

Salisbury, NC 28144
  • $450,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 4210866
UPDATED: 54 min ago
$450,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Modern Brokerage: 704-502-0388. Copyright 2025 Canopy MLS. All rights reserved.

Description

A remarkable investment opportunity to purchase a fully occupied stand-alone office building just a quarter-mile from center-city Salisbury. Leased to a nationally renown charity through 12/31/25 with option through the end of 2028 with a monthly rent increase. $42,600 Gross Annual Income offered at an 8% Cap Rate with minimal landlord expenses. The full brick one-story was built in 1966 in a mid-century modern style featuring a pitched/vaulted roofline, exposed rafters, numerous large windows, exterior paneling, and sleek interior/exterior brick. It features an enormous 25' x 33' Meeting Room, (9) Offices, a Breakroom, (2) Restrooms, Storage, Mechanical, Lobby, and Enclosed Glass Entry. Situated on .51 acres with 96' of frontage along W. Innes St. Asphalt parking with 20 designated spaces. Zoned RMX with an array of permissible uses. Part of a family-owned multi-property portfolio of income-producing commercial real estate available for purchase in Salisbury.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2025-02-18T19:33:22.133 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. © 2025 Canopy MLS.

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620 W Innes Street Salisbury, NC 28144

  • Price: $450,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 54 min ago
  • ID#: 4210866
0
Beds
0
Baths
0
½ Baths
0.51
Acres
1966
Built
County:
Rowan
Area:
Salisbury
Property Description
A remarkable investment opportunity to purchase a fully occupied stand-alone office building just a quarter-mile from center-city Salisbury. Leased to a nationally renown charity through 12/31/25 with option through the end of 2028 with a monthly rent increase. $42,600 Gross Annual Income offered at an 8% Cap Rate with minimal landlord expenses. The full brick one-story was built in 1966 in a mid-century modern style featuring a pitched/vaulted roofline, exposed rafters, numerous large windows, exterior paneling, and sleek interior/exterior brick. It features an enormous 25' x 33' Meeting Room, (9) Offices, a Breakroom, (2) Restrooms, Storage, Mechanical, Lobby, and Enclosed Glass Entry. Situated on .51 acres with 96' of frontage along W. Innes St. Asphalt parking with 20 designated spaces. Zoned RMX with an array of permissible uses. Part of a family-owned multi-property portfolio of income-producing commercial real estate available for purchase in Salisbury.
Exterior Features

Carport YN No Construction Materials Brick Full Construction Type Site Built Lot Features Infill LotLevelPaved Other Parking Marked spaces on asphalt lot. Shared driveway off entrance. Parking Features Parking LotParking Space(s)Shared Driveway Parking Total 22 Patio And Porch Features Glass Enclosed Road Frontage 96 Road Frontage Type 4 Lane HighwayCity Street Road Responsibility Publicly Maintained Road Road Surface Type Paved Window Features Window Treatments

Interior Features

Basement YN No Building Area Total 3810 Cooling Central Air Flooring CarpetTileLaminate Heating CentralForced Air

Property Features

Accessibility Features Two or More Access Exits Auction YN No Building Features Receptions Room CCRSubject To Undiscovered City Taxes Paid To Salisbury Flood Plain No Gross Income 42600 Hoa Subject To None Inclusions BuildingFixturesLand Inside City YN Yes Lease Considered YN No Lot Size Dimensions 93'x228'x101'x228' New Construction YN No Possible Use Commercial Property Sub Type Office Rail Service No Restrictions No Representation Restrictions Description No known deeded restrictions. Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Subject to Lease Utilities Cable AvailableElectricity ConnectedFiber OpticsGasPhone Connected Water Source City Zoning RMX



MLS Grid logo Based on information submitted to the MLS GRID as of 2025-02-18T19:33:22.133 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. © 2025 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Jamison Realty | Keller Williams Southpark
5925 Carnegie Blvd, Suite 250
Charlotte NC, 28269
Canopy MLS logo Offered by Modern Brokerage: 704-502-0388. Copyright 2025 Canopy MLS. All rights reserved.