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    618 N Salisbury Ave Spencer, NC 28159

    Pending
    For Sale
    $140,000

    COMMERCIAL - Spencer, NC

    Lot size:
    0.09 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 618 N Salisbury Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    036 020
    Lot size
    0.09 Acres

    Building Details

    Year built
    1929

    Wallace Realty Co. (704) 636-2021 x102 [email protected]

    Listing agent Jason Wallace (704) 797-6454

    Listing date Nov 3, 2025

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Investment Property in Spencer, NC

    This multi-unit investment property is located in Spencer, North Carolina. Suite A, comprising 592 square feet, is currently leased to a salon. Suite B offers 738 square feet of vacant space, presenting an opportunity for a new owner to negotiate with prospective tenants. The property features a new TPO roof installed in February 2022. The lot size is 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Professional Services Unlimited Home Inspector BTD Hair Studio ... Beauty Salon

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.420097
    Latitude
    35.697339

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    FAQs

    What type of property is this?
    Investment property - Multi-unit property with leasing opportunity in Spencer, North Carolina.
    Where is this investment property located?
    The property is located at 618 N Salisbury Ave Spencer, NC.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Multi-unit investment property.; - Suite B is vacant, offering flexibility to negotiate with new tenants.; - Suite A is currently leased to a Salon, providing immediate income.
    (704) 797-6454
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    618 N Salisbury Ave Spencer, NC 28159
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