Freestanding Retail
For Sale
Contact for pricing
2625 Statesville Blvd, Salisbury, NC 28147
Masonry single-tenant retail building offers about 118 feet of frontage along Statesville Boulevard.
Property Size1,635 SF
Lot Size0.58 Acres
Price / SF$296.64
Days on Market100
Property Features for 2625 Statesville Blvd
General Information
Standard status
Active
Size
1,635 SF
Lot size
0.58 Acres
Property subtype
Retail
Zoning
BCS (Business)
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1968
Year Renovated
1990
Buildings
1
Tenancy
Single
Construction
masonry
Listing Agency:
Legacy Real Estate Advisors
Listed By:
Jay Snover · License #NC 180073
(704) 373-1800
Source:
Crexi
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 28 at 5:32AM
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 Legacy Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail property includes a masonry building of approximately 1,635 square feet on about 0.58 acres. The site provides approximately 118 feet of frontage along Statesville Boulevard, supporting convenient customer access. The building was originally constructed in 1968 and renovated in 1990, and is currently presented as a single-tenant asset.
Zoned BCS (Business), the property is described as well suited for a variety of retail, service, and commercial uses.
As a freestanding, frontage-oriented masonry building on its own parcel, it can serve owner-users or investors looking for an established commercial location within a Salisbury business corridor.
Zoned BCS (Business), the property is described as well suited for a variety of retail, service, and commercial uses.
As a freestanding, frontage-oriented masonry building on its own parcel, it can serve owner-users or investors looking for an established commercial location within a Salisbury business corridor.
Key Highlights
- Single‑tenant masonry retail building totaling about 1,635 SF
- Situated on about 0.58 acres with approximately 118 feet of frontage along Statesville Boulevard
- Zoned BCS (Business), suitable for a variety of retail, service, and commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,072
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,440
$401.4K
Cap Rate 7%
$286,743
$286.7K
Cap Rate 9%
$223,022
$223.0K
Market Conditions
NOI Build-Up for 1,635 SF
Gross rent
$31.0K $18.96/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$28.7K $17.54/SF
− OpEx
−$8.6K −$5.26/SF
NOI
$20.1K $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%
$401,440
Cap Rate 7%
$286,743
Cap Rate 9%
$223,022
Alternative Uses
Best Use
Retail
$286.7K
$250.9K – $334.5K
NOI $20,072 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
4,370 visits/mo
0.2 miles
Han-Dee Hugo's
Shops & Services
1,748 visits/mo
0.2 miles
Demographics for 28147, NC
26,618
Population
10,095
Households
2.6
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
77.6 sq mi
ZIP Area
343
Density / Sq Mi
$59,770
Median Household Income
$36,118
Median Earnings
$1,036
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Masonry single-tenant retail building offers about 118 feet of frontage along Statesville Boulevard.
Where is this retail space located?
The property is located at 2625 Statesville Blvd Salisbury, NC.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Single‑tenant masonry retail building totaling about 1,635 SF; Situated on about 0.58 acres with approximately 118 feet of frontage along Statesville Boulevard; Zoned BCS (Business), suitable for a variety of retail, service, and commercial uses
