909 S Main Street
Salisbury, NC 28144
Est. $5,455/mo — See my rate
About This Home
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!
Property Details
Interior Details
- Inclusions
- Building
- Fixtures
- Land
- Total Bathrooms
- 6
- Sqftmaximumlease
- 450.00
- Sqftminimumlease
- 250.00
- Sqftavailablemaximum
- 21879
- Sqftavailableminimum
- 21879
Square Footage And Levels
- Below Grade Finished Area
- 0
Exterior Features
- Roof
- Flat
- Rubber
- Construction Materials
- Brick Partial
- Metal
Lot And Land
- Fencing
- Chain Link
- Partial
- Lot Features
- Corner Lot
- Level
- Paved
- Lot Size Acres
- 1.74
- Lot Size Units
- Acres
- Lot Size Dimensions
- 317x237.2x264x264.5
Basement And Foundation
- Foundation Details
- None
Financial Information
- Citytaxespaidto
- Salisbury
Zoning And Restrictions
- Zoningspecification
- N M X
Multi Unit Details
- Number Of Buildings
- 3
Listed by Cheryl Gunter (910-315-3238) · Century 21 Towne and Country (704-637-7721)
Location
- Address
- 909 S Main Street
- City
- Salisbury, NC 28144
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