Status: Active

111 E Innes Street

Subdivision:
$1,875,000
0.14 ACRES
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #1
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111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #1
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #2
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #3
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #4
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111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #9
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #10
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #11
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #12
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #13
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #14
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111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #30
111 E Innes Street, Salisbury, NC 28144, MLS # 4189523 - Photo #31

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Description

One of Salisbury's premier mixed-use buildings in historic downtown. Seven fantastic Class-A spaces: main-level restaurant; 2 main-level retail spaces separated by foyer with double-door entry, show-room quality windows; 4 walk-up 2nd-story apartments. Impressive rent roll, mid 6% cap rate, very low vacancy and solid rental history. Circa 1900s, two well-maintained full brick structures divided by pilasters in contrasting color: EDPM roofs. High visibility in very center of downtown historic district: NCDOT average daily traffic count 18,000. Main facade is dramatized by array of (6) pairs of tall arched windows and decorative gabled pediments. Addresses are 107-117 East Innes St, centrally located amidst a variety of successful shops, restaurants, services, and Bell Tower Green central-city park. 1-mile off exit 76/I-85. Located in Salisbury's original Historic District and listed in the National Registry. Building was restored using National Park Service Historic Guidelines.

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Details  
MLS#: 4189523
Price: $1,875,000
Square Footage: 0
Acreage: 0.14
   
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Listing Provided by: Salisbury Real Estate LLC - gregrapprealtor@gmail.com
Based on information submitted to the MLS GRID as of 2024-11-23 18:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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