Multi-Floor Mixed-Use Commercial
For Sale
$1,500,000
111 S Main Street, Salisbury, NC 28144
SINGLE_FAMILY - Salisbury, NC
Property Size4,200 SF
Lot Size0.35 Acres
Price / SF$357.14
Days on Market51
Property Features for 111 S Main Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
DMX
Zoning description
DMX
Parking features
On Street
Standard status
Active
APN
0105515
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
717-042
Legal Description
717-042
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1956
Floors in Building
2
Flooring type
Tile
Listing Agency:
Century 21 Providence Realty · Century 21 Real Estate
(704) 847-2144
Listed By:
Rosie Zapata · License #134757
(786) 359-3337
Added: Jun 10
Last Checked: Jul 30 at 4:06PM
MLS# 4392029
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 mixed-use commercial building offers multiple floors serviced by elevators, with expansive open spaces and a flexible layout designed to support a range of tenant and redevelopment uses. The configuration is suited to concepts such as office, retail, mixed-use development, hospitality, residential conversion, event space, or creative redevelopment, subject to applicable approvals. The property is presented as a single building at 111 S Main Street, with lot area listed at 0.35 acres.
Located in downtown Salisbury, the address provides convenient access to surrounding retail and dining options referenced in the marketing materials, with emphasis on walkability and visibility. The property is identified under zoning DMX. The listing also states the property qualifies for an opportunity zone.
For tenants, buyers, or operators seeking adaptable commercial space, the elevator-serviced, multi-floor design can support a variety of operating models rather than a single fixed use. The open, flexible floor areas may be appropriate for organizations planning build-outs that align with retail, office, or mixed-use programming, with redevelopment concepts also noted as possibilities in the listing material. Prospective parties should confirm final use, configuration, and permitting requirements based on their intended occupancy or project scope.
Located in downtown Salisbury, the address provides convenient access to surrounding retail and dining options referenced in the marketing materials, with emphasis on walkability and visibility. The property is identified under zoning DMX. The listing also states the property qualifies for an opportunity zone.
For tenants, buyers, or operators seeking adaptable commercial space, the elevator-serviced, multi-floor design can support a variety of operating models rather than a single fixed use. The open, flexible floor areas may be appropriate for organizations planning build-outs that align with retail, office, or mixed-use programming, with redevelopment concepts also noted as possibilities in the listing material. Prospective parties should confirm final use, configuration, and permitting requirements based on their intended occupancy or project scope.
Key Highlights
- Retail/mixed‑use commercial building with 42,00+ SF in Downtown Salisbury, NC
- Multiple floors with elevators plus expansive open spaces and a flexible layout for varied use types
- Central heating and central A/C
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.4k | $26.04 |
| − Vacancy | −$11.2k | −$2.66 |
| EGI | $98.2k | $23.38 |
| − OpEx | −$24.6k | −$5.85 |
| NOI | $73.7k | $17.54 |
4,200 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$920.7K – $1.23M
NOI $73,659 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$736.6K
$644.5K – $859.4K
NOI $51,562 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,534 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 28144, NC
26,254
Population
12,655
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
30.1 sq mi
ZIP Area
872
Density / Sq Mi
$51,432
Median Household Income
$29,787
Median Earnings
$982
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-floor building with elevator service and flexible space for retail, office, or mixed-use conversions on Main Street.
Where is this retail space located?
The property is located at 111 S Main Street Salisbury, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Retail/mixed‑use commercial building with 42,00+ SF in Downtown Salisbury, NC; Multiple floors with elevators plus expansive open spaces and a flexible layout for varied use types; Central heating and central A/C
