Multi-Level Retail
113 W Fisher Street, Salisbury, NC 28144
For Sale
Contact for pricing
Flexible upper floors, abundant natural light, and two remodeled bathrooms support retail or office use.
Property Size1,900 SF
Price / SF$1.25
Days on Market53
Property Features for 113 W Fisher Street
General Information
Standard status
Size
Property subtype
Amenities
Flat
Public Sewer
Additional parcels description:, Parcel Number: 5760-18-20-9814, Assessed Value: $104,901, Zoning: DMX
Concrete, Laminate, Wood
Ceiling Fan(s), Central Air
Natural Gas
Listing ID: CAR4425594, Standard Status: Active, MLS Status: Active, Property Subtype: Retail
Other Parking: Municipal parking (street and public lots)
Display Window(s)
Built in 1900, Living area: 3000, Construction Materials: Brick Full
County/Parish: Rowan
City
2 total bathrooms
Cable Available, Electricity Connected, Natural Gas, Water Source: City
Slab
All Utilities
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Awning(s)
Smoke Detector(s)
Entry Slope less than 1 foot
Building Details
Building Size
Year Built
Listing Agency:
Mortice Commercial Real Estate
(704) 684-1958
Listed By:
Steven Tice · License #168957
(704) 794-2294
Source:
Blackstreaminternational
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 10:09AM
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 Mortice Commercial Real Estate
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Investment Insights
Based on property information with market context.
This approximately 3,000-square-foot storefront property occupies a historic downtown building constructed in 1900. Its distinctive interior rises through split-level mezzanine floors identified as Levels 1.5 and 2.5, with substantial ceiling height and an open, connected layout. The ground level includes polished concrete, two large display windows, and a metal railing overlooking the space above. Upper areas feature hardwood floors, built-in shelving, rear windows, and additional front-facing glazing. Two bathrooms have been remodeled with updated finishes, and a newer awning contributes to the building’s street-facing presentation.
Situated at 113 W Fisher Street in Downtown Salisbury, the property is steps from Bell Tower Green Park and surrounded by restaurants, shops, entertainment, and gathering spaces. From the second floor, the Crossroads mural is directly visible; the mural measures 127' x 48'. The configuration is suited to retail, creative office, gallery, studio, showroom, or other destination-oriented concepts.
Situated at 113 W Fisher Street in Downtown Salisbury, the property is steps from Bell Tower Green Park and surrounded by restaurants, shops, entertainment, and gathering spaces. From the second floor, the Crossroads mural is directly visible; the mural measures 127' x 48'. The configuration is suited to retail, creative office, gallery, studio, showroom, or other destination-oriented concepts.
Key Highlights
- Approximately 3,000 square feet in a distinctive multi‑level storefront building
- Split‑level mezzanine floors at Levels 1.5 and 2.5
- Two large display windows and additional rear and front‑facing windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,600
$736.6K
Cap Rate 7%
$526,143
$526.1K
Cap Rate 9%
$409,222
$409.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$56.9K $18.96/SF
− Vacancy
−$4.3K −$1.42/SF
EGI
$52.6K $17.54/SF
− OpEx
−$15.8K −$5.26/SF
NOI
$36.8K $12.28/SF
Area
Rowan County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,600
Cap Rate 7%
$526,143
Cap Rate 9%
$409,222
Alternative Uses
Best Use
Office B
$751.6K
$657.7K – $876.9K
NOI $52,614 @ 7.0% cap · market cap 1,403.04%
Second Best
Retail
$526.1K
$460.4K – $613.8K
NOI $36,830 @ 7.0% cap · market cap 982.13%
Theoretical Best
Office A
$944.2K
$826.2K – $1.10M
NOI $66,096 @ 7.0% cap · market cap 1,762.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible upper floors, abundant natural light, and two remodeled bathrooms support retail or office use.
Where is this storefront property located?
The property is located at 113 W Fisher Street Salisbury, NC.
What are key features of this property?
This property features: Approximately 3,000 square feet in a distinctive multi‑level storefront building; Split‑level mezzanine floors at Levels 1.5 and 2.5; Two large display windows and additional rear and front‑facing windows
