610 Little StSalisbury, NC 28144

Property Details for 610 Little St

Year built

1910

Lot size

0.91 AC

Property size (Sq ft)

1,434 SF

Zone code

B6

Property type

Office buildings

APN

016 107

APU

16107

Description

Exceptional commercial investment opportunity in downtown Salisbury, NC, awaits. This .95-acre lot boasts a 1,434 square foot office building and paved parking lot, all included at no additional cost. Conveniently located near I-85, offering easy access to Lexington and Kannapolis/Concord. The property features significant road frontage on Little Street, N Clay Street, and E Council Street, ensuring high visibility and ample passing traffic. City water and sewer are connected. Zoned CMX, this versatile property is suitable for a wide range of commercial uses, with prior approval for an 8-unit strip mall ("Clay Street Commons"). The lot is level and mostly clear, presenting a blank canvas for your vision. Seller financing is available. Detailed permitted use information is available upon request. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown location. Don't miss out on this chance to own a piece of Salisbury's vibrant commercial landscape. Explore the property video for a visual overview.

• CAP approach

  CAP return

  Valuation

  6%

  $157,327

  6.5%

  $145,225

  7%

  $134,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $182,022

  Geo Method

  $242,834

• Alternative Use

  Use

  Valuation

  Residential Income

  $180,078

  Hospitality / Lodging

  $164,951

  Institutional / Educational

  $137,237

  Healthcare / Senior Housing

  $141,957

  Retail / Commercial

  $213,480

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6633

Longitude

-80.4635

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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