For Sale By Owner

1910 Downtown Loft Conversion

Downtown
Salisbury, North Carolina

Kress Plaza Suites R and S1 in Historic Downtown Salisbury

239,000 - 215,000

Listing #: 5429

• Kitchen
• Laundry Room
• Living room
• Fresh paint
• Restored exterior
• Storage Building
• 12 foot ceilings
• Ceiling Fans
• Ceramic Tile
• Grand staircase
• High Ceilings
• Original wood windows
• Walk-In Closets
• Wood floors
• Central air
• City sewer
• City water supply
• Dishwasher
• Disposal
• Heat pump
• Range
• Water Heater - Electric

The Kress Plaza, referred to as Salisbury’s “Icon of Beauty”, is located in the heart of the entertainment district of Salisbury’s thriving downtown which has seen some $100 million of investment. This project was developed by Samuel H. Kress with both quality and passion from its conception back in 1910 and has been redeveloped today with those same qualities. Suite “R” is the premier “penthouse” condo with a corner view of Main Street and its shopping and entertainment experiences. Suite “S1” has a very flexible floor plan with an open living/kitchen area. The Kress Plaza is a one-of- a-kind project in a special community.

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Kress Plaza Cornice
The Salisbury Kress Building was built with a 3 sided parapet to enhance the large cornice wrapping the building.

"Salisbury's Icon of Beauty"

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Contact Information

Showings by appointment only
Joel L. Goodman
Mobile: 704.533.5253

Web Site:
Click here for Info, Pictures & Video Walkthroughs

Email: info@kressplaza.com

Local and Regional Links

View a map to this listing
(courtesy of maps.google.com)

Kress Plaza Lofts, A Luxurious Lifestyle

Samuel H. Kress founded S.H. Kress & Co. in 1896 and developed five-and-dime stores nationwide. Kress was an avid art collector and took pride in creating beautiful buildings, such as the one he opened in downtown Salisbury, NC on September 17, 1910. The Kress Company’s strong commitment to architectural excellence led it to form its own architectural division, charged with overseeing all aspects of store design. Mr. Kress viewed his stores as architectural gifts to the communities in which they were located. Known for erecting expensive buildings and using the finest materials, Kress constructed stores that were typically more elaborate and structurally sound than those of its competitors.

The condominiums at Kress Plaza are perfect for the discerning buyer who wants to live in a quality constructed, maintenance-free environment without sacrificing their historic lifestyle. Each Suite has two bedrooms, two full baths with marble showers, original red maple hardwood floors throughout, custom made wood cabinets, eight foot solid core doors, early 1900’s trim and state of the art “Integrated Technology-Advanced Communication System” for data and phone services. Also, each suite has 12’ ceilings and flooded with light from the large 5’ x 8’ original windows. The Kress Plaza features a unique security entry system that allows residents to see, in full color, and talk to anyone requesting to visit. Once inside, a beautiful staircase leads upstairs to the residential condominiums. With beautiful 1900’s style chandeliers outside each suite entrance along with tray ceilings and archways, the detail in the corridor is indicative of the quality found inside each suite. In addition, all suites receive two designated parking spots within 100’ of entrance doors. The project also has two stairwells and a certified freight elevator.

Each condominium suite sold in the Kress Plaza has Historic Tax Credits for the buyer. Suite owners qualify for a 30% State Tax Credit based on the qualifying rehabilitation cost of the suite and these credits can be used over a ten year period of time. These credits are a “hidden valve” that ultimately reduces the purchase investment.


Suite sale prices and the associated State Tax Credits are as follows:

Unit..................Sale Price...........Historic Tax Credits
Suite “R”..........$239,000.00.........$46,886.53
Suite “S1”.........$215,000.00.........$44,542.20

Kress Plaza condominiums offer a great tax credit opportunity without the wait or work!!!