111 E Innes Street, Salisbury, NC

$1,875,000

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0.14

Acres

About 111 E Innes Street

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.

Features of 111 E Innes Street

MLS® # 4100938
Price $1,875,000
Bathrooms 0.00
Acres 0.14
Year Built 1900
Type Commercial Sale
Sub-Type Free Standing Store
Status Active

Community Information

Address 111 E Innes Street
City Salisbury
County Rowan
State NC
Zip Code 28144

Amenities

Utilities Electricity Connected, Fiber Optics, Gas
Is Waterfront No
Waterfront None
Has Pool No

Interior

Heating Central
Cooling Central Air
Fireplace No
Has Basement No
Basement Other

Exterior

Lot Description Other - See Remarks
Roof Flat, Rubber
Construction Brick Full

Additional Information

Date Listed January 16th, 2024
Days on Market 179
Foreclosure No
Short Sale No

Listing Details

OfficeSalisbury Real Estate LLC

Listing Map

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