For Sale
$1,915,000

512 Klumac RdSalisbury, NC 28144

12,304 SF Retail Center, 4.35 Acres

Overview

Added:
Feb 3
Days on market:
61
This exceptional investment opportunity presents a fully occupied, 12,304-square-foot retail center situated on a sizable 4.35-acre lot in Salisbury, North Carolina. Strategically located just 0.7 miles from Interstate I-85, this property boasts 394 feet of frontage on Klumac Road, ensuring high visibility and accessibility. The property comprises two single-story brick buildings constructed in 1997, housing eleven individual units currently leased to a mix of office, retail, and medical tenants. These tenants benefit from flexible, short-term leases, offering the new owner significant potential for rental increases. The current gross annual income stands at $135,600, representing a below-market rental rate and substantial upside potential. The property features a large, level lot, presenting opportunities for future expansion or development. Ample parking is provided with a paved asphalt lot accommodating 66 vehicles. Recent upgrades include improvements to the HVAC system and roofing, minimizing immediate maintenance needs. The property is zoned CMX, allowing for a diverse range of potential uses. An August 2024 appraisal is available for review, further supporting the exceptional value of this offering. This property is part of a larger portfolio of income-producing properties available for purchase in Salisbury.

Property Details for 512 Klumac Rd

Property type
Retail properties
Square Feet
12,304 SF
Year Built
1997
Lot Size (sq. ft)
189,486 SF

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.64906
Longitude
-80.48608
512 Klumac Rd, Salisbury, North Carolina

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512 Klumac Rd
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