$365,000
For Sale

642 S Shaver Street

Salisbury, NC 28144
Browse 10 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Historic Salisbury Foundation is seeking the right developer for this historic school on 4.32 acres! Lincoln School has a rich history. It has been vacant for over two decades and is ready for a new owner. A use study has been performed by Belk Architecture to provide options for development, but other proposals are welcome. The school is situated between a residential area, a public city-owned pool, and the National Cemetery. Only a few blocks from historic downtown and a short drive to I-85, this could be the prime location for your business! Historic Salisbury Foundation is working to complete a National Register Nomination. The property is currently on the State Historic Preservation Office's study list and if the property receives the nomination, historic tax credits (40% for income producing projects) will be available for the restoration.

  • Property Details
      • Basement DescriptionExterior Entry, Storage Space, Unfinished
      • FoundationBasement, Crawl Space
      • Lot FeaturesOther - See Remarks
      • Lot DescriptionOther - See Remarks
      • Utility FeaturesOther - See Remarks
      • Parking FeaturesCircular Driveway
      • Property SubtypeSpecial Purpose
      • Sewer InformationPublic Sewer
      • Parking TypeDriveway
      • Property TypePurchase
      • Original List Price$365,000
      • RoofShingle
      • MLS #4188096
      • MLS #4188096
      • Cost365000
      • Parcel Number015455
      • CountyRowan
      • Year Built1926
      • Utility SourceCity
      • Days on Market (Cumulative)83
      • Basement1
      • Basement Finished1

Location

Eric MannReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

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.

Estimated Monthly Payment
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Loan Amount
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