1935 Jake Alexander BlvdSalisbury, NC 28147

Property Details for 1935 Jake Alexander Blvd

Year built

1985

Lot size

25.55 AC

Property size (Sq ft)

141,593 SF

Zone code

HB:HIGHWAY BUSINESS

Property type

Super regional malls

APN

331 078

APU

331078

Description

This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in Salisbury, North Carolina. Located at 1935 Jake Alexander Blvd W, this single-tenant site boasts a highly visible position fronting Highway 60 (also known as Statesville Boulevard), ensuring maximum exposure for any development. The property is zoned Highway Business (HB), allowing for a wide range of commercial uses. This is the last remaining outparcel available at the Salisbury Mall, offering a rare chance to capitalize on a prime location within an established commercial area. The land is currently raw and ready for development, nestled between two attractively landscaped businesses in the West End Plaza, providing a desirable and aesthetically pleasing setting. Situated in Rowan County, this property offers easy access to major transportation routes and a thriving local market. Its strategic location and zoning make it ideal for a variety of commercial ventures. The 28147 zip code further underscores its accessibility and desirability. This is an exceptional opportunity to acquire a highly visible and well-located commercial property in a growing area. Contact us today to learn more about this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $43,952,676

  6.5%

  $40,571,700

  7%

  $37,673,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,419,416

  Geo Method

  $60,422,944

• Alternative Use

  Use

  Valuation

  Residential

  $34,223,748

  Hospitality

  $31,348,768

  Educational

  $26,081,808

  Medical

  $26,978,800

  Retail

  $40,571,700

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6921

Longitude

-80.5152

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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