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855.375.4001
Listing Courtesy of: Jason Dolph - Modern Brokerage, LLC 704-502-0388
$450,000 affordable loan icon Calculate Payment

620 W Innes Street Salisbury, NC 28144

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Office Residence
Beds
2 Baths
... Bed/Bath
3,810 Sq. Ft.
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Last updated on 1/31/2025 4:18 PM

Listing Details

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. Continue reading
MLS#
4210866
Property Type
Office
Bathrooms
Year Built
1966
Square Feet
3,810 sq. ft
Lot Size
0.51
Sewer
Public Sewer
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Listing Courtesy of: Jason Dolph - Modern Brokerage, LLC 704-502-0388

Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


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