111 E Innes ST Active Save Request In-Person Tour Request Virtual Tour
Salisbury,NC 28144
Key Details
Property Type Commercial
Sub Type Free Standing Store
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4189523
Year Built 1900
Lot Size 6,098 Sqft
Property 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.
Location
State NC
County Rowan
Zoning DMX
Interior
Heating Central
Cooling Central Air
Flooring Concrete,Wood
Inclusions Building
Exterior
Utilities Available Electricity Connected,Fiber Optics,Gas
Waterfront Description None
View City
Roof Type Flat,Rubber
Building
Lot Description Other - See Remarks
Foundation Crawl Space,Slab
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None