512 Klumac Road , Salisbury, NC 28144
Salisbury, NC 28144
Description
A rare opportunity to purchase a 100% occupied office park / retail center in Salisbury. The 4.35-acre site is located just 0.7 miles from Interstate I-85 with 394 feet of frontage on Klumac Rd. Eleven total units totaling 12, 304 square feet are divided between (2) one-story brick buildings that we constructed in 1997. Zoned CMX with an array of potential uses. Mostly long-term office, retail & medical tenants on flexible short-term leases. Current below-market rents provide substantial value-added opportunities for new ownership. Large level lot conducive for additional development. Paved asphalt parking lot with 66 spaces. Recent HVAC and roofing improvements. Currently $135,600 in Gross Annual Income. This is part of a family-owned portfolio with multiple income-producing properties available for purchase in Salisbury. August 2024 appraisal available for review.
Details
| MLS# | 4211333 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1997 |
| Days On Site | 14 |
| Listing Provided By | Modern Brokerage | Jason Dolph |
Features
| Bath(s) | 21 |
|---|---|
| SQ Feet | 12,304 |
| Story(s) | 1 |
| Building(s) | 2 |
| Zoning | CMX |
| Acreage | 4.35 |
Market Activity 28144
Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.
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Learn More About This Property
| State | NC |
|---|---|
| County | Rowan |
| City | Salisbury |
| Zip Code | 28144 |
| Area | Rowan |
| Listing VS Median (in 28144) | |
Price: $1,915,000 low | high Med: $265,000 SqFt: 12,304 low | high Med: 2,250 $ / SqFt: $156 low | high Med: $118 On Site: 14 low | high Med: 81.000000 | |