111 Innes St Salisbury, NC 28144

This exceptional mixed-use property, located at 111 E Innes Street in Salisbury, NC's historic downtown, presents a compelling investment opportunity. The 11,138 square foot building sits on a 0.14-acre lot and boasts seven high-quality spaces: a ground-floor restaurant, two ground-floor retail units separated by a foyer with double-door entry and showroom-quality windows, and four second-floor apartments. Built circa 1900s, this meticulously maintained property comprises two full-brick structures, divided by contrasting pilasters and featuring EDPM roofs. The building's striking main facade is highlighted by six pairs of tall arched windows and decorative gabled pediments. Its prime location in the heart of Salisbury's historic district, listed on the National Registry, ensures high visibility, with an average daily traffic count of 18,000 vehicles (NCDOT data). The property benefits from its proximity to a variety of thriving businesses, restaurants, services, and Bell Tower Green park, and is conveniently located just one mile from I-85 exit 76. The building was restored according to National Park Service Historic Guidelines. The property offers an impressive rental income stream, a mid-6% capitalization rate, very low vacancy, and a solid rental history, making it an attractive investment for discerning buyers. Addresses encompassed are 107-117 East Innes Street.