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Franklin Bellamy

franklin@unlockingrealestate.co +1(704) 904-5142

$ 1,915,000

Est. payment -/mo

Save

Active

512 Klumac RD Salisbury, NC 28144

21 Baths

4.35 Acres Lot

UPDATED:

01/22/2025 05:31 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4211333

Year Built 1997

Lot Size 4.350 Acres

Acres 4.35

Lot Dimensions +/-394' x 482' x 395' x 494'

Property Sub-Type Retail

Property Description

A rare opportunity to purchase a 100% occupied office park / retail center in Salisbury. The 4.35-acre site is located just 0.7 miles from Interstate I-85 with 394 feet of frontage on Klumac Rd. Eleven total units totaling 12, 304 square feet are divided between (2) one-story brick buildings that we constructed in 1997. Zoned CMX with an array of potential uses. Mostly long-term office, retail & medical tenants on flexible short-term leases. Current below-market rents provide substantial value-added opportunities for new ownership. Large level lot conducive for additional development. Paved asphalt parking lot with 66 spaces. Recent HVAC and roofing improvements. Currently $135,600 in Gross Annual Income. This is part of a family-owned portfolio with multiple income-producing properties available for purchase in Salisbury. August 2024 appraisal available for review.

Location

State NC

County Rowan

Building/Complex Name Klumac Square

Zoning CMX

Interior

Heating Central, Forced Air

Cooling Central Air

Flooring Carpet, Tile, Laminate

Inclusions Building, Land

Exterior

Utilities Available Cable Connected, Electricity Connected, Fiber Optics, Gas, Phone Connected

Roof Type Shingle

Street Surface Paved

Accessibility No Interior Steps

Porch Awning(s)

Total Parking Spaces 66

Building

Lot Description Flood Plain/Bottom Land

Dwelling Type Site Built

Foundation Slab

Sewer Septic Installed

Water City

Structure Type Brick Full

New Construction false

Others

Senior Community false

Restrictions No Representation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Jason Dolph • Modern Brokerage • jason@modernbrokerage.com

This is the second house that we've purchased using Franklin's services. We've enjoyed working with him both times. He truly tries to help you find exactly what you are looking for. Franklin is very dedicated to his customer's needs, attentive to details, extremely knowledgeable and has great work ethics. And overall Franklin is a good guy. If you need to buy or sell property with minimal stress, I strongly recommend you call Franklin. "-

Iryna T.

+1(704) 904-5142

franklin@unlockingrealestate.co

1800 Central Ave, Charlotte, NC, 28205, USA