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2110 S Main St 73,616 SF 100% Leased Industrial Building Salisbury, NC 28147 $635,000 ($8.63/SF) 5.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategic Location – Positioned on one of Salisbury’s busiest intersections, where South Main St and Highway 601 intersect
- Strong Submarket Fundamentals – With a limited supply of similar buildings in the surrounding area
- Healthy Historical Occupancy – Both spaces have had strong historical occupancy rates, which highlights the demand and limited supply in the market
- Value Add Opportunity – Tenants are operating on short-term leases expiring at the end of 2026
- Below Replacement Cost – Industrial development costs have been significantly rising in recent years
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $635,000 | Lot Size | 1.69 AC |
| Price Per SF | $8.63 | Rentable Building Area | 73,616 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.06% | Year Built/Renovated | 1953/1981 |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C |
| Price | $635,000 |
| Price Per SF | $8.63 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.69 AC |
| Rentable Building Area | 73,616 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/1981 |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 3 |
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PROPERTY TAXES
| Parcel Number | 061-063 | Improvements Assessment | $274,015 |
| Land Assessment | $183,428 | Total Assessment | $457,443 |
PROPERTY TAXES
Parcel Number
061-063
Land Assessment
$183,428
Improvements Assessment
$274,015
Total Assessment
$457,443
CONTACTS
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David Bennett -
Thomas Wilkinson -
Harrison Auerbach -
Matthews Real Estate Investment Services
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2110 S Main St
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