For Sale
$850,000

115 Innes StSalisbury, NC 28144

Historic building, prime retail location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 12,920 square foot, two-story storefront building is ideally situated in the heart of downtown Salisbury, North Carolina, at 115 W Innes St, 28144. Boasting significant historic character, including massive solid wood beams, columns, large windows, exposed brick, and hardwood floors (2,000 sq ft of new solid oak on the lower level and original solid pine on the upper level), this property presents a unique investment opportunity. The open floor plan on both levels offers incredible flexibility. The building's prime location is directly across from the new $12 million Bell Tower Park, a vibrant hub expected to host over 100 events annually, ensuring high visibility and foot traffic. This location is key for retail and entertainment businesses. The upper level presents a compelling opportunity for development into approximately four luxury apartments, complete with common storage and workspace areas. This property is located in an opportunity zone, qualifying for North Carolina state and federal tax credits for historic renovations. The city of Salisbury also offers incentives and grants for improvements to historic downtown buildings. The asking price is $850,000, with a price per square foot of $65.79. The lot size is 0.09 acres, and the land value is $65.75 per square foot. Built in 1900, this building offers a blend of historical charm and modern potential.

Property Details for 115 Innes St

Property type
Retail properties, Retail space
Square Feet
12,920 SF
Year Built
1900
Stories
2
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.6675479
Longitude
-80.470736
115 Innes St, Salisbury, North Carolina

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115 Innes St
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