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    Martin Luther King Junior Ave South Salisbury, NC 28144

    For Sale
    $197,000

    3.63 acre corner parcel in Salisbury, suitable for various uses.

    Property size:
    3 SF
    Lot size:
    3.63 Acres

    Property Features for Martin Luther King Junior Ave South

    General Information

    Zoning
    CMX
    Size
    3 SF
    Lot size
    3.63 Acres

    Source: Ryan Pilsy Agent Ryan Pilsy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail/Multi-Family Zoned Land

    This is a 3.63 acre parcel of land zoned for retail and multi-family use. The property is located in Salisbury, at the corner of S MLK Jr Avenue and Mooresville Road. The zoning allows for a range of uses including restaurant, general retail, office and multi-family. The corner location allows for ease of access and visibility. The property has multiple points of entry and is in close proximity to US-29 and I-85.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5385
    Latitude
    35.6881

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    FAQs

    What type of property is this?
    Land - 3.63 acre corner parcel in Salisbury, suitable for various uses.
    Where is this land located?
    The property is located at Martin Luther King Junior Ave South Salisbury, NC.
    What is the asking price?
    The asking price for this property is $197,000.
    What are key features of this property?
    This property features: - Prime 3.63+/- acre corner parcel in thriving Salisbury.; - Zoned for retail/multi-family use (restaurant, general retail, office, multi-family).; - Excellent visibility and multiple points of entry.
    (980) 339-9174
    Request Owner's contact information
    Martin Luther King Junior Ave South Salisbury, NC 28144
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    Salisbury, NC 28144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Martin Luther King Junior Ave South Salisbury, NC 28144
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