- For Sale $450,000
- Property Type Office
- Property Size 3,810 SF
- Lot Size 0.51 Acre
- Cap Rate % 7.95
- # of Floors 1
- Parking Spaces Avail. 22
- Parking Ratio 5.77 / 1,000 SF
- Year Built 1966
- Date Updated Jan 23, 2025
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 7.99% 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. Offering Memorandum with financial information available upon request.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
67/100
Somewhat Walkable
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Bike Score ®
50/100
Bikeable
- City Salisbury, NC
- Zip Code 28144
- Market Charlotte
Points of Interest
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Sunoco
0.33 miles
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Speedway
0.84 miles
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Citgo
1.04 miles
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BP
1.08 miles
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Murphy Express
1.24 miles
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Shell
1.28 miles
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Visitor Parking
1.20 miles
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Employee Parking
1.23 miles
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Rowan County Pump Station Access
5.21 miles
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US 601 River Access
7.54 miles
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Lower Lot
9.55 miles
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Upper Lot
9.57 miles
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Courtyard Salisbury
1.24 miles
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Holiday Inn Express & Suites Salisbury
1.30 miles
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Comfort Suites Salisbury I-85
1.37 miles
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Days Inn
1.43 miles
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Super 8 by Wyndham Salisbury
1.59 miles
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Hotel Salisbury & Conference Center
1.96 miles
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Quality Inn & Suites
1.98 miles
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Home2 Suites by Hilton Salisbury
2.11 miles
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Econo Lodge
2.12 miles
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Hampton
2.17 miles
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Sonic
0.28 miles
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Dairy Queen
0.29 miles
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Go Burrito
0.46 miles
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Mambo Grill And Tapas
0.55 miles
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Chef Santos By Goodfelas
0.56 miles
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The Salty Caper
0.58 miles
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Krispy Kreme
0.72 miles
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DJ's Restaurant
0.75 miles
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Romano's Italian Cuisine
0.78 miles
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L A Murph's Fine Cooking
0.81 miles
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Livingstone College
0.55 miles
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Salisbury High School
0.72 miles
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Knox Middle School
0.97 miles
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Henderson High School
1.10 miles
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C.T. Overton Elementary School
1.20 miles
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Catawba College
1.41 miles
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Hood Theological Seminary
1.96 miles
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North Hills Christian School
2.12 miles
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Rowan-Cabarrus Community College
2.30 miles
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H.D. Isenburg Elementary School
2.52 miles
Frequently Asked Questions
The space currently listed for sale at 620 W Innes St asks for $450,000.
620 W Innes St totals 3,810 square feet.
620 W Innes St was built in 1966.
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Modern Brokerage LLC