111 E Innes Street
Salisbury, NC 28144
11138 sqft | #4189523
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.
Property Details
- Utility FeaturesElectricity Connected, Fiber Optics, Gas
- Lot FeaturesOther - See Remarks
- Lot DescriptionOther - See Remarks
- Property SubtypeFree Standing Store
- FoundationCrawl Space, Slab
- RoofFlat, Rubber
- Sewer InformationPublic Sewer
- CoolingCentral Air
- Cooling FeaturesCentral Air
- Original List Price$1,875,000
- Property TypePurchase
- MLS #4189523
- Cost1875000
- Parcel Number0105521
- MLS #4189523
- Square Feet11138
- Basement DescriptionOther
- CountyRowan
- ViewCity
- Year Built1900
- Utility SourceCity
- Days on Market (Cumulative)274
- Basement1
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2024-10-07 12:56:03. 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. Some IDX listings have been excluded from this website.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Greg Rapp (#CAR24883)
Listing Office: Salisbury Real Estate LLC (#CAR14092)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
