A remarkable investment opportunity to purchase a fully occupied stand-alone office building just a quarter-mile from center-city Salisbury. Leased to a nationally renown charity through 12/31/25 with option through the end of 2028 with a monthly rent increase. $42,600 Gross Annual Income offered at an 8% Cap Rate with minimal… Read More landlord expenses. The full brick one-story was built in 1966 in a mid-century modern style featuring a pitched/vaulted roofline, exposed rafters, numerous large windows, exterior paneling, and sleek interior/exterior brick. It features an enormous 25' x 33' Meeting Room, (9) Offices, a Breakroom, (2) Restrooms, Storage, Mechanical, Lobby, and Enclosed Glass Entry. Situated on .51 acres with 96' of frontage along W. Innes St. Asphalt parking with 20 designated spaces. Zoned RMX with an array of permissible uses. Part of a family-owned multi-property portfolio of income-producing commercial real estate available for purchase in Salisbury. Read Less
Courtesy of Modern Brokerage.
Listing Snapshot
Days Online
66
Last Updated
Property Type
Office
Square Ft.
3,810
Lot Size
0.51 Acres
Year Built
1966
MLS Number
4210866
30 Days Snapshot Of 28144
$310k
+19%
(avg) sold price
29
+3%
homes sold
93
+27%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area: 3810, Construction Materials: "Brick Full", Year Built: 1966, Construction Type: Site Built
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Confirm your time
Fill in your details and we will contact you to confirm a time.