Homes for sale - 111 E Innes ST, Salisbury, NC 28144

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Melanie Outlaw

melanie@outlawsoldit.com +1(803) 291-4352

$1,875,000

Est. payment - /mo

6,098 Sqft Lot

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UPDATED:

10/07/2024 12:56 PM

Key Details

Property Type Commercial

Sub Type Free Standing Store

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4189523

Year Built 1900

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 85x80

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.

Location

State NC

County Rowan

Zoning DMX

Rooms

Basement Other

Interior

Heating Central

Cooling Central Air

Flooring Concrete, Wood

Inclusions Building

Exterior

Utilities Available Electricity Connected, Fiber Optics, Gas

Waterfront Description None

View City

Roof Type Flat,Rubber

Building

Lot Description Other - See Remarks

Foundation Crawl Space, Slab

Sewer Public Sewer

Water City

Structure Type Brick Full

New Construction false

Others

Senior Community false

Restrictions Historical

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by Greg Rapp • Salisbury Real Estate LLC • gregrapprealtor@gmail.com

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Melanie Outlaw

+1(803) 291-4352

Agent | License ID: 51929

Agent License ID: 51929

111 E Innes ST Salisbury, NC 28144

Melanie Outlaw

Melanie Outlaw

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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