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$92,455 Just Listed
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Property Description
Exceptional commercial real estate opportunity at 1401 S. Salisbury Avenue in Spencer, NC. This versatile commercial facility offers approximately 7,200± square feet on the main level plus an additional 4,800± square foot basement, providing nearly 12,000 square feet of usable space for a wide variety of business operations. Recently improved, the property features a new front metal roof and a flat roof that has been replaced within the last year, helping minimize future capital expenditures. The building is served by city water and sewer, natural gas heat, central air conditioning, and three-phase power, making it well-suited for commercial, industrial, manufacturing, distribution, retail, office, fitness, or service-related uses. The main level includes expansive open areas, office and meeting spaces, a break room, four restrooms, and flexible floor plans that can accommodate numerous business models. The basement offers substantial warehouse and storage capacity with loading dock access, concrete floors, mezzanine storage, and excellent functionality for shipping, receiving, inventory, or equipment storage. Situated on a highly visible corridor, the property also includes an additional lot, providing room for expansion, additional parking, outdoor storage, or future development. With excellent road frontage, modernized exterior improvements, and a rare combination of office, warehouse, and commercial space, this property presents a tremendous opportunity for investors and owner-users alike. Whether you're expanding an existing operation, relocating your business, or seeking an income-producing investment, this property offers the infrastructure, flexibility, and visibility to make it happen. Bid your price and don't miss this outstanding commercial opportunity in Spencer, NC.
Full Property Details
Full Property Details for 1401 S Salisbury Ave
General
- Price: $92,455
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4395098
- Updated: 6/18/2026
- Added to Site: 2 day(s) ago
Location
- County: Rowan
- Driving Directions: 1401 S Salisbury Ave Spencer, NC 28159
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Basement: Yes
- Basement Desc.: Interior Entry, Storage Space, Unfinished, Walk-Out Access, Walk-Up Access
- Minimum Avail: 12,000 Sq. Ft.
- Year Built: 1953
Lot Features
- Street/Road Desc.: Paved
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Inclusions: Building, Land
- Property ID: 030 069
- Lot Number: 1320 / 590
Listed by The Swicegood Group Inc
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Schools
Schools serving 1401 S Salisbury Ave
School District:Rowan-Salisbury Schools
| Name | Grades | Distance |
|---|---|---|
North Rowan Elementary School 600 Charles Street, Spencer, NC 28159 | PK-5 | 1.7 mi |
North Rowan Middle School 512 Charles Street, Spencer, NC 28159 | 6-8 | 1.7 mi |
North Rowan High School 300 North Whitehead Avenue, Spencer, NC 28159 | 9-12 | 1.3 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 1401 S Salisbury Ave
Date
Details
Price
Change
Source
6/18/2026
Listed
$92,455
-52.59%
MLS
11/13/2007
Sold
$195,000
—
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 1401 S Salisbury Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,045
—
$92,455
—
2023
$1,045
-14%
$92,455
—
2022
$1,214
-64%
$92,503
-64%
2021
$3,348
—
$255,065
—
2020
$3,348
—
$255,065
—
2019
$3,348
9%
$255,065
8%
2018
$3,076
—
$237,034
—
2017
$3,076
-3%
$237,034
—
2016
$3,176
3%
$237,034
—
2015
$3,076
20%
$237,034
17%
2014
$2,559
2%
$203,307
—
2013
$2,504
—
$203,307
—
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 1401 S Salisbury Ave
1401 S Salisbury Avenue, Spencer, NC 28159 (MLS# 4395098) is a Commercial property. 1401 S Salisbury Avenue is currently listed for $92,455 and was received on June 18, 2026. Want to learn more about 1401 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.

