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111 E Innes Street, Salisbury, NC 28144
$1,875,000
111 E Innes Street, Salisbury, NC 28144View this property at 111 E Innes Street, Salisbury, NC 28144
111 E Innes StreetSalisburyNC28144
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Property 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.
Full Property Details
Full Property Details for 111 E Innes St
General
- Price: $1,875,000
- Status: Active
- Type: Commercial
- MLS ID: 4100938
- Updated: 2/2/2024
- Added to Site: 103 day(s) ago
Interior
- Flooring: Concrete, Wood
Location
- County: Rowan
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Electricity Connected, Fiber Optics, Gas
Structural Information
- # Buildings: 2
- Exterior Const.: Brick Full
- Basement Desc.: Other
- Roof: Flat, Rubber
- Ceiling Height: 12
- Square Feet: 11,138
- Minimum Avail: 11,138 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Dimensions: 85 x 80
- Street/Road Desc.: Paved
- Lot Features: Other - See Remarks
Financial Considerations
- Operating Expenses: $24,868
- Terms: Cash, Conventional
Disclosures and Reports
- Restrictions: Historical
- Inclusions: Building
- Property ID: 105521
- Lot Number: 803-898
Listed by Salisbury Real Estate LLC
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Schools
Schools serving 111 E Innes St
School District:Rowan-Salisbury Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1825 W Park Rd, Salisbury, NC 28144 | K-5 | 1.6 mi | |
1625 W Park Rd, Salisbury, NC 28144 | 6-8 | 1.4 mi | |
500 Lincolnton Rd, Salisbury, NC 28144 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 111 E Innes St
Date
Details
Price
Change
Source
1/16/2024
Listed
$1,875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 111 E Innes St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,175
-40%
$431,387
27%
2022
$5,267
—
$339,132
—
2021
$5,267
—
$339,132
—
2019
$5,267
-13%
$339,132
-14%
2018
$6,076
—
$396,567
—
2017
$6,047
122%
$396,567
117%
2016
$2,723
1%
$182,990
—
2015
$2,701
-4%
$182,990
-5%
2014
$2,818
3%
$193,052
—
2013
$2,729
—
$193,052
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 111 E Innes St
111 E Innes Street, Salisbury, NC 28144 (MLS# 4100938) is a Commercial property. 111 E Innes Street is currently listed for $1,875,000 and was received on January 16, 2024. Want to learn more about 111 E Innes Street? Do you have questions about finding other Commercial real estate for sale in Salisbury? You can browse all Salisbury real estate or contact a Coldwell Banker agent to request more information.