1108 S Salisbury - Freestanding FOR SALE


Spencer, NC 28159
$475,000 USD
704-637-7721
1108 S Salisbury, Spencer, NC for Sale
$475,000 USD
Freestanding - FOR SALE
1/46
null | Request Cap Rate

1108 S Salisbury
Spencer, NC 28159


HIGHLIGHTS

  • Fully renovated interior with modern finishes and LED lighting
  • Dual-zone layout offering office space and income-generating event area
  • Large 3,000 SF basement with bay door for storage or expansion
  • Significant site upgrades including new paved parking and drainage improvements
  • Prime location on a city-maintained road with excellent visibility

OVERVIEW

This is a rare opportunity to acquire a meticulously renovated, 5,989 total square foot commercial hub situated on 1.38 acres across four parcels in Spencer. The property is currently owner-occupied by a consulting firm that will be vacating upon sale, offering a "plug-and-play" headquarters for a professional service, medical user, or retailer. The 2,989 square foot main level is thoughtfully designed with a dual-zone layout; while the front is ideal for high-end office use, the back is a proven revenue generator currently utilized for various classes and community events. This configuration allows a new owner to establish their own business in the primary suite while immediately benefiting from the existing traffic and income potential of the event space. The building has undergone an extensive top-to-bottom renovation that ensures a maintenance-free transition for the next owner. The interior boasts brand-new, thick commercial-grade LVP flooring, new vinyl ceiling tiles, and modern LED lighting throughout. Critical infrastructure has been modernized with new hot water lines, updated electrical outlets, and a secure new front entry door. Both bathrooms have been fully renovated, and the entire structure features fresh interior and exterior paint. For those needing additional utility, the property includes a massive 3,000 square foot unfinished basement equipped with a large bay door, perfect for heavy storage, a workshop, or future expansion. The exterior of the property is just as impressive as the interior, featuring significant site improvements designed for longevity and ease of use. A brand-new paved parking lot provides professional curb appeal at the front, complemented by fresh concrete work around the entrance, while the rear of the property features new gravel and a backyard that has been professionally graded for optimal drainage. With 1.38 acres of land, there is ample room for fleet parking, outdoor storage, or further development. This is a unique chance to own a fully updated, income-capable asset that is ready for immediate occupancy.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

HB

APN/PARCEL ID

030-092

ASK ABOUT THIS PROPERTY

Joseph RusherCentury 21 Towne & CountryMore Info
704-637-7721

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Joseph RusherCentury 21 Towne & CountryMore Info
704-637-7721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.