Active
111 E Innes Street
Salisbury NC, 28144
$1,875,000
$168.34 per sqft
Active
11,138 sqft
Commercial
Built in 1900
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.
4189523
MLSⓇ ID
October 7, 2024
Listed
November 22, 2024
Updated
Map
111 E Innes Street
Salisbury NC, 28144
Interior Features
Total Stories
2
Floor Description
Concrete, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Other - See Remarks
Roof
Flat, Rubber
Sewer
Public Sewer
Other Property Details
Garage
No
View
Yes
View Description
City
County
Rowan
Water Source
City
Pool
No
Courtesy of Salisbury Real Estate LLC with Greg Rapp,
Listing Contact: [email protected]
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