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512 Klumac Rd Salisbury, NC 28144

Sponsored
For Sale
$1,915,000

12,304 SF Retail Center, 4.35 Acres

Property size:
12,304 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment opportunity presents a fully occupied, 12,304-square-foot retail center situated on a sizable 4.35-acre lot in Salisbury, North Carolina. Strategically located just 0.7 miles from Interstate I-85, this property boasts 394 feet of frontage on Klumac Road, ensuring high visibility and accessibility. The property comprises two single-story brick buildings constructed in 1997, housing eleven individual units currently leased to a mix of office, retail, and medical tenants. These tenants benefit from flexible, short-term leases, offering the new owner significant potential for rental increases. The current gross annual income stands at $135,600, representing a below-market rental rate and substantial upside potential. The property features a large, level lot, presenting opportunities for future expansion or development. Ample parking is provided with a paved asphalt lot accommodating 66 vehicles. Recent upgrades include improvements to the HVAC system and roofing, minimizing immediate maintenance needs. The property is zoned CMX, allowing for a diverse range of potential uses. An August 2024 appraisal is available for review, further supporting the exceptional value of this offering. This property is part of a larger portfolio of income-producing properties available for purchase in Salisbury.

Property Features for 512 Klumac Rd

General Information

Property type
Retail properties
Square Feet
12,304 SF
Lot Size
189,486 SF

Building Details

Year Built
1997

Property Profile Location Intelligence

Current Use by Public Records

Knox Computers & iPhone ... Computer Repair Service Hearing Aids For You Medical Clinic Alterations Plus by ... Clothing Alteration Service Comfort Keepers Home ... Home Health Care Service The Cleaning Authority - Salisbury House Cleaning Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Salisbury
County
Rowan
State
North Carolina
Longitude
-80.48608
Latitude
35.64906

FAQs

What type of property is this?
Retail property - 12,304 SF Retail Center, 4.35 Acres
Where is this retail property located?
The property is located at 512 Klumac Rd Salisbury, NC.
What is the asking price?
The asking price for this property is $1,915,000.
More about this property
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