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Renovated Office Building with Basement
For Sale
$380,000

1108 S Salisbury Avenue, Spencer, NC 28159

Commercial Sale, Spencer, NC

Property Size5,989 SF
Lot Size0.54 Acres
Price / SF$63.45
Days on Market52

Property Features for 1108 S Salisbury Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning description HB
Rooms Basement
Parking features Parking Lot
Basement Exterior Entry, Interior Entry, Unfinished
Standard status Active
APN 030092
Lot size 0.54 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 Changed: Sep 24 Last Checked: Sep 26 at 10:06AM
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 property at 1108 S Salisbury Avenue in Spencer encompasses 5,989 total square feet on 0.54 acres across three parcels. The 2,989-square-foot main level has a dual-zone arrangement, with a front office area and a rear space currently used for classes and community events. The owner-occupied consulting firm is scheduled to vacate upon sale. A 3,000-square-foot unfinished basement adds substantial utility, including a large bay door for storage or workshop purposes.

Renovations include commercial-grade LVP flooring, vinyl ceiling tiles, LED lighting, updated electrical outlets, new hot water lines, a secured front entry, refreshed bathrooms, and new interior and exterior paint. Site work includes a new paved parking lot, concrete improvements at the entrance, rear gravel, and a graded backyard. The property also has a 7-year-old HVAC unit, central air, heat pump heating, and public sewer.

Key Highlights

  • 5,989 total square feet on 0.54 acres across three parcels
  • 2,989‑square‑foot main level with dual‑zone layout
  • 3,000‑square‑foot unfinished basement with large bay door

Property Analytics

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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.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Two-level commercial layout combines finished work areas with an unfinished lower level and paved on-site parking.
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 $380,000.
What are key features of this property?
This property features: 5,989 total square feet on 0.54 acres across three parcels; 2,989‑square‑foot main level with dual‑zone layout; 3,000‑square‑foot unfinished basement with large bay door
More about this property
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