Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
0
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!
Features & Amenities
Interior
-
Total Bedrooms
N/A
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Bathrooms
N/A
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Basement YN
NO
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Pet friendly
N/A
Exterior
-
Garage
No
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Pool
No
Area & Lot
-
Lot Features
Corner Lot, Level, Paved
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Property Type
Commercial Sale
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Property Sub Type
Office
Price
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Sales Price
$979,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
Property Features
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New Construction
NO
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Foundation Details
None
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Senior Community YN
NO
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Location
County
Rowan
Elementary School
Middle School
High School
Listing Courtesy of Cheryl Gunter , Century 21 Towne and Country
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