Contacts
Modern Brokerage LLC
Property Details
- Property Type Industrial
- Property Size 70,000 SF
- Lot Size 12.03 Acre
- Cap Rate % 4.9
- NOI / YR $99,444.00
- Zoning LI- Light Industrial
- # of Floors 1
- Property Tenancy Multi-Tenant
- Year Built 1920
- Year Renovated 1974
- Date Updated Jan 23, 2025
- Clear Height 11' - 20'
- Dock High Doors 7
- Drive-In Doors 6
- Fire Sprinklers Wet
100% occupied income-producing commercial adjacent to Mid-Carolina Regional Airport in RED HOT Rowan County, part of highly-desirable Charlotte-Concord-Gastonia MSA. 12.03 Acres allocated as 9.73 Acres with (2) Industrial / Warehouse Buildings & 2.3 Acres of Excess Land w/ 337 feet of frontage along S. Main St. (US-29) 1.7 Miles from I-85. Zoned LI-Light Industrial w/ many permissible uses. Long-existing local and national tenants on short-term flexible modified gross leases. Below market rents averaging $1.97/SF/ Year presents a significant upside opportunity for purchase. Building 130 was built in 1920 (renovated in 1974) & consists of 4 bays totaling 60,000 SF leased by 3 warehouse tenants. The brick building features 7 Dock-High doors & 4 Drive-In doors, up to 20’ clear heights, and a portion of office space. Building 110 was built in 1929 w/10,000 SF (2) overhead drive-in doors with an auto service tenant. This is part of a family-owned portfolio with multiple income-producing properties for sale in Salisbury. On septic but sewer available to site. Substantial roof upgrade in section in 2020. The OFFERING MEMORANDUM is available upon request. It includes Property Details, Photos, & Maps (Pg.1-22) | Rent Roll (Pg. 23) | August 2024 Appraisal (Pg.24-135) | Zoning Use Schedule Pg. 136-138 | Demographics Pg. 139-162.
Reach out to the broker for more info on lease terms and amenities
Highlights
- The subject is located southwest of the S Jake Alexander Blvd commercial corridor, along Highway 29/S Main Street in Salisbury, NC west of I-85. It has connectivity to major interstates and highways, primarily I-85 and Highway 29. National retailers and hospitality users have a significant influence on the community due to its positioning near I-85. Traffic counts are 12,000 VPD along S. Main St. 400 Feet from Salisbury Regional Airport.
Getting around
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13/100
Walk Score ®
-
24/100
Bike Score ®
Location
- City Salisbury, NC
- Zip Code 28147
- Market Charlotte
Points of Interest
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Speedway
0.35 miles
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Love's
1.67 miles
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Exxon
2.25 miles
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Valero
2.27 miles
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BP
2.29 miles
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Citgo
2.33 miles
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Shell
2.38 miles
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Sam's Car Wash Inc
3.80 miles
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Lancaster's Carwash
8.55 miles
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Tacos Guadalajara
0.95 miles
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McDonald's
1.69 miles
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Sabaidee Thai & Sushi Bar
1.71 miles
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Cicis
2.12 miles
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Katana
2.18 miles
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Niyoshi
2.19 miles
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Massimo Sandwich Shoppe
2.20 miles
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Subway
2.20 miles
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Casa Grande
2.21 miles
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Wendy's
2.22 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Modern Brokerage LLC
