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111 S Main St
Salisbury, NC 28144
111 South Main · Office Property For Sale
Investment Highlights
- 1.63-acre commercial site with 585 feet of Hwy 29 frontage for maximum visibility.
- Prime Downtown Location surrounded by restaurants, retail, government offices, entertainment venues, and ongoing economic development initiatives.
- Flexible Zoning & Layout Potential suitable for office, retail, hospitality, multifamily residential conversion, mixed-use development, coworking,
- Zoned CBI, offering versatility for numerous retail, office, or service uses. Opportunity Zone for Growth
- Elevator-Served Building providing convenient access to multiple floors and enhancing usability for a variety of commercial and mixed-use applications
- Rare Large-Scale Downtown Asset offering substantial square footage that is increasingly difficult to find in historic downtown markets
Executive Summary
Unlock the potential of this exceptional 42,000+ square foot commercial building located in the heart of thriving Downtown Salisbury, NC. Offering a rare combination of size, location, and versatility, this property presents an outstanding opportunity for investors, developers, and entrepreneurs seeking a transformative asset.
The building features multiple floors serviced by elevators, expansive open spaces, and a flexible layout that can accommodate a variety of uses, including office, retail, mixed-use development, hospitality, residential conversion, event space, or creative redevelopment. Its prominent downtown location provides excellent visibility, walkability, and access to restaurants, shops,
The building features multiple floors serviced by elevators, expansive open spaces, and a flexible layout that can accommodate a variety of uses, including office, retail, mixed-use development, hospitality, residential conversion, event space, or creative redevelopment. Its prominent downtown location provides excellent visibility, walkability, and access to restaurants, shops,
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
42,603 SF
Building Class
C
Year Built
1957
Price
$1,500,000
Price Per SF
$35.21
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,201 SF
Building FAR
2.79
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
B-5 - Centural Business District
Parking
15 Spaces (0.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 010-5515 | Improvements Assessment | $669,642 |
| Land Assessment | $172,220 | Total Assessment | $841,862 |
Property Taxes
Parcel Number
010-5515
Land Assessment
$172,220
Improvements Assessment
$669,642
Total Assessment
$841,862
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