620 W Innes ST new Save Request In-Person Tour Request Virtual Tour
Salisbury,NC 28144
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4210866
Year Built 1966
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 93'x228'x101'x228'
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.
Location
State NC
County Rowan
Zoning RMX
Interior
Heating Central,Forced Air
Cooling Central Air
Flooring Carpet,Tile,Laminate
Inclusions Building,Fixtures,Land
Exterior
Utilities Available Cable Available,Electricity Connected,Fiber Optics,Gas,Phone Connected
Total Parking Spaces 22
Building
Lot Description Infill Lot,Level,Paved
Dwelling Type Site Built
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Restrictions No Representation
Special Listing Condition Subject to Lease