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    Property profile & analytics
    OFF-MARKET
    Retail space

    1303 Salisbury Ave, Spencer, NC 28159-1918

    14,960 SF 0.67 ac lot Built 1966
    Entity Owned Free & Clear
    Property ID
    US53-5458396
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1303 S Salisbury Avenue in Spencer, NC, presents a unique investment opportunity. Situated on a 0.66-acre lot, the building boasts excellent road frontage and high visibility, ensuring significant exposure for any business. Its strategic location between Charlotte and Winston-Salem, with easy access to I-85, provides unparalleled convenience and accessibility to a large customer base. The property is zoned Hwy Business, offering flexibility for a wide range of commercial uses. The building's history demonstrates its adaptability, having previously served as an auto parts store, auto service center, boat sales and service facility, pawn shop, antique/consignment retail space, and most recently, a Meals on Wheels distribution center. Currently, the property has month-to-month tenants with five-year lease agreements in place. These tenants have expressed a desire to remain, but understand a 60-day notice period is required should the new owner choose not to renew their leases. This presents a compelling opportunity for a new owner to either continue with existing tenants or implement their own vision for the space. The asking price is $479,000. This property offers significant potential for both immediate income generation and long-term growth. Don't miss this chance to acquire a versatile and strategically located commercial property in a thriving area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1966
    Total area 14,960 SF
    Lot 0.67 ac (29,011 SF)
    Zoning code HB
    APN 030 140
    UPID US53-5458396
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Twisted MX LLC Auto Repair Shop Vehicle Inspection Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    M And G Property LLC
    M And G Property LLC
    since 2026
    Last sale
    $350,000
    5 recorded transactions
    2026
    $350,000
    2018
    2014
    2008
    $175,000
    1969
    Zoning & alternative use
    HB · Spencer, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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