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Renovated Office Building with Basement
New
For Sale
$450,000

1108 S Salisbury Avenue, Spencer, NC 28159

SINGLE_FAMILY - Spencer, NC

Property Size5,989 SF
Lot Size1.38 Acres
Price / SF$75.14
Days on Market6

Property Features for 1108 S Salisbury Avenue

General Information

Property type Residential
Property subtype Office
Zoning description HB
Rooms Basement
Parking features Parking Lot
Basement Unfinished, Exterior Entry, Interior Entry
Standard status Active
APN 030092
Lot size 1.38 Acres

Taxes and HOA fees

Tax Description PT L5 BLK C ELIZABETH B. HE
Legal Description PT L5 BLK C ELIZABETH B. HE

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air

Building Details

Year built 1910
Listing Agency: Century 21 Towne and Country · Century 21 Real Estate
Listed By: Joseph Rusher · License #344358
Added: Aug 6 Last Checked: Aug 11 at 7:06PM
MLS# 4412037

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This office building offers 5,989 total square feet on 1.38 acres across four parcels, with a renovated 2,989-square-foot main level and a 3,000-square-foot unfinished basement. The main level includes a front office area and a rear section currently used for classes and community events. The basement has a large bay door and can accommodate storage, workshop functions, or future buildout. Recent improvements include commercial-grade LVP flooring, vinyl ceiling tiles, LED lighting, updated electrical outlets, new hot water lines, renovated bathrooms, interior and exterior paint, and a new front entry door.

Exterior work includes a paved parking lot, new concrete at the entrance, rear gravel improvements, and a graded backyard. The property is served by public sewer, central air, and a heat pump. Built in 1910, the building is located at 1108 S Salisbury Avenue in Spencer, North Carolina. The HVAC unit is 7 years old, and the site provides space for fleet parking, outdoor storage, or additional development.

Key Highlights

  • 5,989 total square feet on 1.38 acres across four parcels
  • Renovated 2,989‑square‑foot main level with office and event‑use areas
  • 3,000‑square‑foot unfinished basement with large bay door

Property Analytics

Current Use

The Cabana Nightclub Castle Counseling Counselor The Blank Page Nightclub

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby

Demographics for 28159, NC

3,067
Population
1,458
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
1,394
Density / Sq Mi
$63,396
Median Household Income
$43,302
Median Earnings
$1,042
Median Rent
$160,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Updated commercial property with flexible office, event, storage, and future expansion capabilities.
Where is this office building located?
The property is located at 1108 S Salisbury Avenue Spencer, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,989 total square feet on 1.38 acres across four parcels; Renovated 2,989‑square‑foot main level with office and event‑use areas; 3,000‑square‑foot unfinished basement with large bay door
More about this property
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