1519 Innes StSalisbury, NC 28146

Property Details for 1519 Innes St

Year built

2017

Lot size

2.02 AC

Property size (Sq ft)

11,721 SF

Zone code

B6

Property type

Retail properties

Property subtype

Drive through restaurants

APN

070 002

APU

70002

Description

Innes Station, a newly developed multi-tenant shopping center in Salisbury, North Carolina, offers a prime retail opportunity. Located at 1519 E. Innes Street in Granite Quarry, Rowan County (zip code 28146), this center boasts a total of 11,300 square feet and sits on a 0.88-acre lot. The property features 95 parking spaces for ample customer convenience. A key advantage is its strategic location adjacent to a road extension connecting to lighted intersections at Faith Road and E. Innes Street, providing two direct, signalized access points. This significantly enhances visibility and accessibility compared to other properties on E. Innes Street with limited access. Phase 2 of the development includes an outparcel offering up to 3,500 square feet, available for sale, ground lease, or build-to-suit. This flexible option caters to various business needs and expansion plans. The property's excellent location and convenient access make it an exceptionally attractive investment opportunity in a growing market. The coordinates are 35.652689 latitude and -80.456771 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $3,149,252

  6.5%

  $2,907,002

  7%

  $2,699,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,501,042

  Geo Method

  $5,001,782

• Alternative Use

  Use

  Valuation

  Residential

  $2,452,165

  Hospitality

  $2,246,170

  Educational

  $1,868,787

  Medical

  $1,933,057

  Retail

  $2,907,002

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6527

Longitude

-80.457

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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