- For Sale $1,915,000
- Property Type Retail
- Property Size 12,304 SF
- Lot Size 4.47 Acre
- Cap Rate % 5.19
- Rental Income / YR $135,600.00
- Zoning CMX
- # of Floors 1
- Parking Spaces Avail. 66
- Parking Ratio 5.36 / 1,000 SF
- Property Tenancy Multi-Tenant
- Year Built 1997
- Date Updated Jan 23, 2025
A rare opportunity to purchase a 100% occupied office park / retail center in Salisbury. The 4.35-acre site is located just 0.7 miles from Interstate I-85 with 394 feet of frontage on Klumac Rd. Eleven total units totaling 12,304 square feet are divided between (2) one-story brick buildings that we constructed in 1997. Zoned CMX with an array of potential uses. Mostly long-standing office, retail & medical tenants on flexible short-term leases. Current below-market rents provide substantial value-added opportunities for new ownership. Large level lot is conducive with excess land to the rear of the buildings. Paved asphalt parking lot with 66 spaces. HVAC and roofing improvements. Currently $135,600 in Gross Annual Income. This is part of a family-owned portfolio with multiple income-producing properties available for purchase in Salisbury. August 2024 appraisal is available for review in Offering Memorandum upon request. Partially located in a floodplain with no known flooding to ever affect the buildings.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Neighborhood Description •The subject is located in central Salisbury north of the S Jake Alexander Blvd commercial corridor. •Klumac Road is a service road that connects S Jake Alexander Blvd to the north to Julian Road to the south. North of S Jake Alexander Blvd, Klumac Road intersects with Hwy 29/S Main Street. Access and Linkages •Major roadways in the community include Highway 29/Main Street, S Jake Alexander Blvd, Bringle Ferry Road, Stokes Ferry Road, Statesville Blvd, and Salisbury Road/Old Concord Road/Long Street. •.7 miles to southeast , I-85 runs northeast to southwest through the community, providing access to the greater region. •Charlotte Douglas International Airport is located approximately 50 miles southwest of the subject. •The City of Salisbury’s Transit System (STS) provides public transportation and offers three routes. Each route arrives and departs from the “Transfer Site,” which is located on Depot Street. Any member of the general public may ride the Salisbury Transit bus.
False
Contacts
Location
Getting Around
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Walk Score ®
29/100
Car-Dependent
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Bike Score ®
25/100
Somewhat Bikeable
- City Salisbury, NC
- Zip Code 28144
- Market Charlotte
Points of Interest
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Exxon
0.34 miles
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BP
0.45 miles
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Citgo
0.48 miles
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Sheetz
0.82 miles
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Shell
1.19 miles
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Murphy Express
1.33 miles
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Speedway
1.43 miles
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Visitor Parking
2.29 miles
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Employee Parking
2.30 miles
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Rowan County Pump Station Access
6.91 miles
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US 601 River Access
9.02 miles
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Lower Lot
9.41 miles
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Upper Lot
9.44 miles
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Wendy's
0.40 miles
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Massimo Sandwich Shoppe
0.41 miles
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Niyoshi
0.42 miles
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Casa Grande
0.45 miles
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Waffle House
0.47 miles
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Cicis
0.48 miles
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Ichiban
0.52 miles
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Checkered Flag Bar-B-Que
0.56 miles
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Arby's
0.68 miles
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Naples Cafe
0.78 miles
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Walmart Supercenter
1.16 miles
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Food Lion
1.23 miles
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La Alcancia
1.43 miles
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Harris Teeter
1.45 miles
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Big Lots
1.46 miles
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Marshalls
1.49 miles
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ALDI
1.58 miles
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McLane FoodService
2.61 miles
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West End Plaza
3.36 miles
Frequently Asked Questions
The space currently listed for sale at 512 Klumac Rd asks for $1,915,000.
512 Klumac Rd totals 12,304 square feet.
512 Klumac Rd was built in 1997.
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Modern Brokerage LLC