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$949,000

Est. payment - /mo

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6 Baths

1.74 Acres Lot

Active

909 S Main ST #102 Salisbury, NC 28144

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Rosie Hedgpeth

rosie.hedgpeth@davidhoffmanrealty.com +1(864) 918-2294

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4378427

Year Built 1920

Lot Size 1.740 Acres

Acres 1.74

Lot Dimensions 317x237.2x264x264.5

Property Sub-Type Office

Property Description

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!

Location

State NC

County Rowan

Building/Complex Name Kent Properties of Salisbury Office Portfolio

Zoning NMX

Interior

Inclusions Building, Fixtures, Land

Exterior

Fence Chain Link, Partial

Roof Type Flat,Rubber

Street Surface Paved

Building

Lot Description Corner Lot, Level, Paved

Dwelling Type Site Built

Foundation None

Structure Type Brick Partial,Metal

New Construction false

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Cheryl Gunter • Century 21 Towne and Country • cherylsgunter@gmail.com

NEARBY SCHOOLS & BUSINESSES

School Assignment Notice:

The schools shown in the Nearby Schools and Businesses section are based on geographic proximity and may not reflect the schools assigned to this property. School attendance boundaries are subject to change due to rezoning and other factors. Buyers should independently verify current school assignments with their real estate agent and the information provided in the MLS listing, as well as with the applicable school district, before making a purchase decision.

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Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.

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Rosie Hedgpeth

Transaction Coordinator License ID: SC 104111 NC 302458

+1(864) 918-2294

909 S Main ST #102 Salisbury, NC 28144

Rosie Hedgpeth

Key Details

Location

Interior

Exterior

Building

Others

WORK WITH US

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909 S Main ST #102

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