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Franklin Bellamy

franklin@unlockingre.com +1(704) 904-5142

$ 949,000

Est. payment -/mo

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Active

909 S Main ST #102 Salisbury, NC 28144

6 Baths

1.74 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4378427

Year Built 1920

Lot Size 1.740 Acres

Acres 1.74

Lot Dimensions 317x237.2x264x264.5

Property Sub-Type Office

Property Description

KENT EXECUTIVE CENTER | 4-Parcel Commercial Portfolio | 1.74 Acres | Salisbury, NC. Listed at $979,000, well Below the $1.3M+ Combined Tax Value! Rarely does an opportunity of this scale come to market in the heart of Salisbury. This four-parcel, 1.74-acre commercial portfolio includes three income-producing buildings, a massive parking lot with 80–100 spaces, and a fully leased 4-unit storage building all within half a mile of downtown and with excellent access to I-85 and Hwy 29. The crown jewel, the Kent Executive Center is the flagship building and features four street-front retail units, a formal lobby entrance, and over 10 private offices, seven of which are currently leased and generating steady income. The real upside lives on the second floor: over 20,000 sq ft of open office space primed for conversion to residential apartments. With NMX zoning and zero lot-line setbacks, the density and entitlement work is already done for you! Two additional income-producing buildings are comprised of a dedicated salon suite building hosts three hairstylists on a per-chair rental basis and a third building that contains two fully leased commercial suites. Turn-key income from day one while you execute your value-add strategy on the main building. Combined monthly rental income across all buildings and the storage units is approximately $7,500/mo and that's before any improvements. A road adjacent to the property may be purchasable from the City of Salisbury, potentially unlocking additional parking to support residential or retail expansion. This is a developer's dream, an investor's income play, and a rare repositioning opportunity all in one. At $979,000, the price and potential are the pitch!

Location

State NC

County Rowan

Building/Complex Name Kent Properties of Salisbury Office Portfolio

Zoning NMX

Interior

Inclusions Building, Fixtures, Land

Exterior

Fence Chain Link, Partial

Roof Type Flat,Rubber

Street Surface Paved

Building

Lot Description Corner Lot, Level, Paved

Dwelling Type Site Built

Foundation None

Structure Type Brick Partial,Metal

New Construction false

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Cheryl Gunter • Century 21 Towne and Country • cherylsgunter@gmail.com

NEARBY SCHOOLS & PROPERTIES

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@unlockingre.com

1800 Central Ave, Charlotte, NC, 28205, USA