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    110 Piper Ln Salisbury, NC 28147

    Sponsored
    For Sale
    $2,050,000

    High-yield, multi-tenant industrial complex

    Property size:
    70,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional income-producing commercial property, located at 110 Piper Lane in Salisbury, NC, presents a compelling investment opportunity. The 12.03-acre site includes two industrial/warehouse buildings totaling 70,000 square feet, situated on 9.73 acres, with an additional 2.3 acres of excess land boasting 337 feet of frontage along S. Main St. (US-29). Its convenient location offers easy access to I-85 (1.7 miles away) and proximity to the Mid-Carolina Regional Airport. Currently 100% occupied by a mix of local and national tenants under short-term, flexible modified gross leases, this property offers significant upside potential. Below-market rents, averaging $1.97 per square foot annually, provide a strong foundation for future growth. Building 130, constructed in 1920 and renovated in 1974, comprises 60,000 square feet across four bays, leased to three warehouse tenants. This brick structure features seven dock-high doors, four drive-in doors, clear heights up to 20 feet, and office space. Building 110, a 10,000-square-foot structure built in 1929, houses an auto service tenant and includes two overhead drive-in doors. The property is zoned LI-Light Industrial, allowing for a wide range of permissible uses. An August 2024 appraisal is available for qualified buyers. This property is part of a larger family-owned portfolio of income-producing properties in Salisbury.

    Property Features for 110 Piper Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    70,000 SF
    Lot Size
    524,027 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5216
    Latitude
    35.63329

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, multi-tenant industrial complex
    Where is this commercial real estate located?
    The property is located at 110 Piper Ln Salisbury, NC.
    What is the asking price?
    The asking price for this property is $2,050,000.
    (704) 502-0388
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    110 Piper Ln Salisbury, NC 28147
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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
    110 Piper Ln Salisbury, NC 28147
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