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1108 S Salisbury 2,989 SF Retail Building Spencer, NC 28159 $475,000 ($158.92/SF)



INVESTMENT HIGHLIGHTS
- Fully renovated interior with modern finishes and LED lighting
- Large 3,000 SF basement with bay door for storage or expansion
- Prime location on a city-maintained road with excellent visibility
- Dual-zone layout offering office space and income-generating event area
- Significant site upgrades including new paved parking and drainage improvements
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a meticulously renovated, 5,989 total square foot commercial hub situated on 1.38 acres across four parcels in Spencer. The property is currently owner-occupied by a consulting firm that will be vacating upon sale, offering a "plug-and-play" headquarters for a professional service, medical user, or retailer. The 2,989 square foot main level is thoughtfully designed with a dual-zone layout; while the front is ideal for high-end office use, the back is a proven revenue generator currently utilized for various classes and community events. This configuration allows a new owner to establish their own business in the primary suite while immediately benefiting from the existing traffic and income potential of the event space. The building has undergone an extensive top-to-bottom renovation that ensures a maintenance-free transition for the next owner. The interior boasts brand-new, thick commercial-grade LVP flooring, new vinyl ceiling tiles, and modern LED lighting throughout. Critical infrastructure has been modernized with new hot water lines, updated electrical outlets, and a secure new front entry door. Both bathrooms have been fully renovated, and the entire structure features fresh interior and exterior paint. For those needing additional utility, the property includes a massive 3,000 square foot unfinished basement equipped with a large bay door, perfect for heavy storage, a workshop, or future expansion. The exterior of the property is just as impressive as the interior, featuring significant site improvements
designed for longevity and ease of use. A brand-new paved parking lot provides professional curb appeal at the front, complemented by fresh concrete work around the entrance, while the rear of the property features new gravel and a backyard that has been professionally graded for optimal drainage. With 1.38 acres of land, there is ample room for fleet parking, outdoor storage, or further development. This is a unique chance to own a fully updated, income-capable asset that is ready for immediate occupancy.
designed for longevity and ease of use. A brand-new paved parking lot provides professional curb appeal at the front, complemented by fresh concrete work around the entrance, while the rear of the property features new gravel and a backyard that has been professionally graded for optimal drainage. With 1.38 acres of land, there is ample room for fleet parking, outdoor storage, or further development. This is a unique chance to own a fully updated, income-capable asset that is ready for immediate occupancy.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,989 SF
Building Class
B
Year Built
1950
Price
$475,000
Price Per SF
$158.92
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.38 AC
Zoning
HB - Highway Business
Parking
10 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Fenced Lot
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 030-092 | Improvements Assessment | $154,819 |
| Land Assessment | $19,620 | Total Assessment | $174,439 |
PROPERTY TAXES
Parcel Number
030-092
Land Assessment
$19,620
Improvements Assessment
$154,819
Total Assessment
$174,439
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1108 S Salisbury
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