Salisbury, NC 28144,620 W Innes ST
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Salisbury, NC 28144,620 W Innes ST
Salisbury, NC 28144,620 W Innes ST
Salisbury, NC 28144,620 W Innes ST
Salisbury, NC 28144,620 W Innes ST

$400,000

Est. payment /mo

$450,000

11.1%
Est.Price: ?

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620 W Innes ST Salisbury, NC 28144

2 Baths

0.51 Acres Lot

SOLD DATE : 04/21/2025

Key Details

Sold Price $400,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4210866

Sold Date 04/21/25

Year Built 1966

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions 93'x228'x101'x228'

Property Sub-Type Office

Property Description

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.

Location

State NC

County Rowan

Zoning RMX

Interior

Heating Central, Forced Air

Cooling Central Air

Flooring Carpet, Tile, Laminate

Exterior

Utilities Available Cable Available, Electricity Connected, Fiber Optics, Natural Gas, Phone Connected

Street Surface Paved

Accessibility Two or More Access Exits

Porch Glass Enclosed

Total Parking Spaces 22

Building

Lot Description Infill Lot, Level, Paved

Sewer Public Sewer

Water City

Structure Type Brick Full

New Construction false

Others

Senior Community false

Restrictions No Representation

Special Listing Condition Subject to Lease

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Listed by Jason Dolph • Modern Brokerage • jason@modernbrokerage.com
Bought with Non Member • Canopy Administration
agent

Ariel Pinto

Broker | License ID: 341303

+1(704) 915-5249

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