620 Innes Street
620 Innes Street
Salisbury, NC 28144
$450,000
- Lot Size: 0.51 Acres
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.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | Office |
| Year Built : | 1966 | Construction Type : | Site Built |
| Lot Size : | 0.51 Acres |
Property Features
- Infill Lot
- Level
- Paved
- Window Treatments
- Glass Enclosed
More Information
- Construction : Brick Full
- Parking : Parking Lot, Parking Space(s), Shared Driveway
- Heating : Central, Forced Air
- Cooling : Central Air
- Water Source : City
- Road : Publicly Maintained Road
- Possible Use : Commercial
Based on information submitted to the MLS GRID as of 02-22-2025 07:22:03 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.