For Sale
$1,950,000

1121 Old Concord RdSalisbury, NC 28146

High-Income, Turnkey Office Investment

Overview

Added:
Feb 3
Days on market:
63
This fully renovated, 15-suite office building in Salisbury, NC presents a compelling investment opportunity. Completed within the last five years, the property boasts 100% occupancy, generating a substantial annual gross income of $142,956. The building offers a range of desirable features designed to attract and retain tenants, including a shared lobby, a convenient breakroom, and ample parking with 38 spaces. Each of the fifteen executive office suites is currently leased, ensuring immediate cash flow for the new owner. The property's strategic location provides excellent accessibility, situated just 0.6 miles from Interstate 85 and 1.5 miles from downtown Salisbury, offering tenants easy access to major transportation routes and the city's amenities. This turnkey operation requires minimal management, making it an ideal investment for those seeking a stable and profitable commercial real estate asset. The 0.62-acre lot provides ample space for the building and its parking facilities. The building's recent renovation ensures modern aesthetics and functionality, minimizing the need for immediate capital expenditures. This is a rare opportunity to acquire a high-performing, income-generating office building in a desirable location. The property is ready for immediate ownership and offers a strong return on investment.

Property Details for 1121 Old Concord Rd

Property type
Office properties
Year Built
1985
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.64599
Longitude
-80.47414
1121 Old Concord Rd, Salisbury, North Carolina

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1121 Old Concord Rd
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