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    480 Mill Run Rd Salisbury, NC 28144

    Sponsored
    For Sale
    $898,900

    High-Visibility Shop & Office Space - Ideal for Diverse Businesses

    Property size:
    8,825 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 8,825 square-foot commercial building, situated on a 5.46-acre lot at 480 Mill Run Road in Salisbury, NC, presents a unique investment opportunity. Built in 1980, the property enjoys unparalleled visibility and convenient access to Interstate 85, a major transportation artery. The building's design is highly adaptable, making it suitable for a wide range of commercial uses. Imagine a thriving commercial vehicle repair operation, leveraging the existing outdoor covered wash bay and oil changing pit, or a robust warehouse and distribution center, utilizing the ample storage space and multiple tool/parts rooms. The three 14-foot drive-thru bay doors ensure efficient loading and unloading. The interior layout is equally impressive, featuring over eight designated office spaces, providing ample room for administrative functions. Six restrooms and a kitchen/lounge area cater to employee needs. The upstairs office provides a commanding view of the expansive shop floor, enhancing operational oversight. This property's strategic location, approximately 30 miles north of Charlotte and 40 miles south of Greensboro, NC, offers access to a large and diverse workforce and customer base. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant potential for growth and profitability. The property's size, features, and location combine to create a compelling investment proposition. The asking price is $898,900.

    Property Features for 480 Mill Run Rd

    General Information

    Property type
    Investment properties
    Square Feet
    8,825 SF
    Lot Size
    237,838 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Hallco Industries, Inc. ... Material Handling Equipment Supplier

    Suggested Use

    Spa & Massage Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Convenience Store Daycare Center Women's Store Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4201
    Latitude
    35.67664

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    FAQs

    What type of property is this?
    Investment property - High-Visibility Shop & Office Space - Ideal for Diverse Businesses
    Where is this investment property located?
    The property is located at 480 Mill Run Rd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $898,900.
    (704) 502-8383
    Request Owner's contact information
    480 Mill Run Rd Salisbury, NC 28144
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    Salisbury, NC 28144
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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
    480 Mill Run Rd Salisbury, NC 28144
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