Freestanding Retail
2625 Statesville Blvd Salisbury, NC 28147
New
For Sale
Contact for pricing
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 Market7
Property Features for 2625 Statesville Blvd
General Information
Standard status
Active
Size
1,635 SF
Lot size
0.58 Acres
Property subtype
Retail
Building Details
Year Built
1968
Listing Agency:
Legacy Real Estate Advisors
(704) 373-1800
Listed By:
Jay Snover · License #NC 180073
Source:
Crexi
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 28 at 1:12PM
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
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 For Retail
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 | $31.0k | $18.96 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $28.7k | $17.54 |
| − OpEx | −$8.6k | −$5.26 |
| NOI | $20.1k | $12.28 |
1,635 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
