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$450,000 -$25,000 (-5.26%) Price Reduced
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Property Description
This is a rare opportunity to acquire a meticulously renovated, 5,989 total square foot commercial hub situated on 1.38 acres across four parcels in Spencer. The property is currently owner-occupied by a consulting firm that will be vacating upon sale, offering a "plug-and-play" headquarters for a professional service, medical user, or retailer. The 2,989 square foot main level is thoughtfully designed with a dual-zone layout; while the front is ideal for high-end office use, the back is a proven revenue generator currently utilized for various classes and community events. This configuration allows a new owner to establish their own business in the primary suite while immediately benefiting from the existing traffic and income potential of the event space. The building has undergone an extensive top-to-bottom renovation that ensures a maintenance-free transition for the next owner. The interior boasts brand-new, thick commercial-grade LVP flooring, new vinyl ceiling tiles, and modern LED lighting throughout. Critical infrastructure has been modernized with new hot water lines, updated electrical outlets, and a secure new front entry door. Both bathrooms have been fully renovated, and the entire structure features fresh interior and exterior paint. For those needing additional utility, the property includes a massive 3,000 square foot unfinished basement equipped with a large bay door, perfect for heavy storage, a workshop, or future expansion. The exterior of the property is just as impressive as the interior, featuring significant site improvements designed for longevity and ease of use. A brand-new paved parking lot provides professional curb appeal at the front, complemented by fresh concrete work around the entrance, while the rear of the property features new gravel and a backyard that has been professionally graded for optimal drainage. With 1.38 acres of land, there is ample room for fleet parking, outdoor storage, or further development. This is a unique chance to own a fully updated, income-capable asset that is ready for immediate occupancy.
Full Property Details
Full Property Details for 1108 S Salisbury Ave
General
- Price: $450,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4333179
- Updated: 4/7/2026
- Added to Site: 92 day(s) ago
Interior
- Flooring: Laminate
Parking
- Parking Features: Parking Lot
Location
- County: Rowan
- City Limits: Yes
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Concrete, Vinyl
- Basement: Yes
- Basement Desc.: Unfinished
- Drive-In Doors: 1
- Square Feet: 2,989
- Minimum Avail: 5,989 Sq. Ft.
- Year Built: 1910
Lot Features
- Street/Road Desc.: Paved
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Inclusions: Building, Fixtures, Land
- Property ID: 30092
- Lot Number: 1378-334
Listed by Century 21 Towne and Country
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Schools
Schools serving 1108 S Salisbury Ave
School District:Rowan-Salisbury Schools
| Name | Grades | Distance |
|---|---|---|
North Rowan Elementary School 600 Charles Street, Spencer, NC 28159 | PK-5 | 1.5 mi |
North Rowan Middle School 512 Charles Street, Spencer, NC 28159 | 6-8 | 1.5 mi |
North Rowan High School 300 North Whitehead Avenue, Spencer, NC 28159 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1108 S Salisbury Ave
Date
Details
Price
Change
Source
4/07/2026
Price Reduced
$450,000
-5.26%
MLS
1/05/2026
Listed
$475,000
249.26%
MLS
6/22/2021
Sold
$136,000
—
Public Record
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 1108 S Salisbury Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,971
—
$174,439
—
2024
$1,971
—
$174,439
—
2023
$1,971
4%
$174,439
21%
2022
$1,899
—
$144,654
—
2021
$1,899
—
$144,654
—
2020
$1,899
—
$144,654
—
2019
$1,899
8%
$144,654
7%
2018
$1,756
—
$135,277
—
2017
$1,756
—
$135,277
—
2016
$1,756
—
$135,277
—
2015
$1,756
84%
$135,277
78%
2014
$954
2%
$75,824
—
2013
$934
—
$75,824
—
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 1108 S Salisbury Ave
1108 S Salisbury Avenue, Spencer, NC 28159 (MLS# 4333179) is a Commercial property. 1108 S Salisbury Avenue is currently listed for $450,000 and was received on January 05, 2026. Want to learn more about 1108 S Salisbury Avenue? Do you have questions about finding other Commercial real estate for sale in Spencer? You can browse all Spencer real estate or contact a Coldwell Banker agent to request more information.

