For Sale

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One of Salisbury's premier mixed-use buildings in historic downtown. Seven fantastic Class-A spaces: main-level restaurant; 2 main-level retail spaces separated by foyer with double-door entry, show-room quality windows; 4 walk-up 2nd-story apartments. Impressive rent roll, mid 6% cap rate, very low vacancy and solid rental history. Circa 1900s, two well-maintained full brick structures divided by pilasters in contrasting color: EDPM roofs. High visibility in very center of downtown historic district: NCDOT average daily traffic count 18,000. Main facade is dramatized by array of (6) pairs of tall arched windows and decorative gabled pediments. Addresses are 107-117 East Innes St, centrally located amidst a variety of successful shops, restaurants, services, and Bell Tower Green central-city park. 1-mile off exit 76/I-85. Located in Salisbury's original Historic District and listed in the National Registry. Building was restored using National Park Service Historic Guidelines.

This is two buildings that were built together. One EDPM roof is about 25 years old, the other is just shy of 20 years old. The HVACs in the restaurant (2) are 15 years old, the other commercial HVACs are less than 7 years old. 2 residential unit HVACs are 3 years old and the other 2 are 5 years old. Water and electric are individually metered. Handicap accessible ramps at two front entrances. 2 Walk in coolers and hood system with 3 hood fans convey.

All showings must be set up through listing agent, pre approved or proof of funds required. Current yearly gross income projection $156,000, please inquire for more detailed information.