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.
Property Type(s):
Commercial
|
Year Built
|
1966
|
County
|
Rowan
|
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Central, Forced Air |
| LOT |
0.51 acre(s) |
| LOT DESCRIPTION |
Level, Paved |
| LOT DIMENSIONS |
93'x228'x101'x228' |
| MLS STATUS |
Active |
| PARKING |
Parking Lot, Shared Driveway |
| SEWER |
Public Sewer |
| UTILITIES |
Natural Gas Available, Cable Available, Electricity Connected, Phone Connected |
Location
Listed with Modern Brokerage
Date last updated: 1/8/25 11:38 AM PST
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