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Renovated Mixed-Use Property
For Sale
$380,000

1108 S Salisbury Avenue, Spencer, NC 28159

Office space, an event area, and a large unfinished basement provide distinct areas for business use and storage.

Property Size5,989 SF
Lot Size0.54 Acres
Price / SF$63.45
Days on Market12

Property Features for 1108 S Salisbury Avenue

General Information

Standard status Active
Size 5,989 SF
Lot size 0.54 Acres
Property subtype Commercial

Additional Details

Condition Move-in Ready
Property Use Office

Building Details

Year Built 1910
Buildings 1
Owner Occupied Yes
Listing Agency: Century 21 Towne and Country
Listed By: Joseph Rusher · License #344358
Source: Geoffcampbell
Added: Oct 19 Changed: Oct 25 Last Checked: Oct 29 at 10:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Towne and Country

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property totals 5,989 square feet across a 2,989-square-foot main level and a 3,000-square-foot unfinished basement. The main floor combines a front office area with rear space currently used for classes and community events. The existing owner, a consulting firm, plans to vacate upon sale. The basement includes a large bay door and offers substantial storage or workshop space. Renovations include commercial-grade LVP flooring, vinyl ceiling tiles, LED lighting, updated electrical outlets and hot water lines, a new front entry door, renovated bathrooms, and fresh interior and exterior paint. The HVAC unit is 7 years old.

The property occupies 0.54 acres across three parcels in Spencer. Site improvements include a paved parking lot, new concrete near the entrance, rear gravel, and a graded backyard. The building was constructed in 1910.

Key Highlights

  • 5,989 square feet total, including a 2,989‑square‑foot main level and 3,000‑square‑foot basement
  • Main floor combines office space with an area currently used for classes and community events
  • Unfinished basement has a large bay door

Property Analytics

Who owns this building? See the owner, sales and loan history
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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.

Location Intelligence

Trade Area within ½ mile

221
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
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Office space, an event area, and a large unfinished basement provide distinct areas for business use and storage.
Where is this mixed-use property located?
The property is located at 1108 S Salisbury Avenue Spencer, NC.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 5,989 square feet total, including a 2,989‑square‑foot main level and 3,000‑square‑foot basement; Main floor combines office space with an area currently used for classes and community events; Unfinished basement has a large bay door
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