Salisbury Commercial Portfolio: Income
For Sale
$979,000
909 S Main Street #102, Salisbury, NC 28144
Four-parcel commercial portfolio with income-producing buildings and development potential.
Property Size20,000 SF
Lot Size1.74 Acres
Price / SF$48.95
Days on Market78
Property Features for 909 S Main Street #102
General Information
Standard status
Active
Size
20,000 SF
Lot size
1.74 Acres
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
CENTURY 21 TOWNE AND COUNTRY
(704) 637-7721
Listed By:
CHERYL GUNTER
Source:
Corcoran
Added: May 14
Changed: Jul 10
Last Checked: Jul 29 at 6:55AM
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 CENTURY 21 TOWNE AND COUNTRY
Investment Insights
Based on property information with market context.
This commercial portfolio consists of four parcels totaling 1.74 acres. It features three income-producing buildings, a large parking lot with space for 80 to 100 vehicles, and a fully leased four-unit storage building. The Kent Executive Center, the flagship building, includes four street-front retail units, a formal lobby entrance, and over 10 private offices, seven of which are currently leased. The second floor offers over 20,000 square feet of open office space suitable for conversion to residential apartments. The property has NMX zoning and zero lot-line setbacks. Two additional income-producing buildings include a dedicated salon suite building hosting three hairstylists on a per-chair rental basis and a third building containing two fully leased commercial suites. The combined monthly rental income across all buildings and the storage units is approximately $7,500. A road adjacent to the property may be purchasable from the City of Salisbury, potentially unlocking additional parking to support residential or retail expansion. The property is located within half a mile of downtown and has access to I-85 and Hwy 29.
Key Highlights
- Below tax value: Listed at $979,000, significantly below the combined tax value of $1.3M+.
- Income‑producing property: Includes three income‑producing buildings and a fully leased storage building, generating approximately $7,500/month.
- High‑potential conversion opportunity: Kent Executive Center offers over 20,000 sq ft of open office space on the second floor, primed for conversion to residential apartments.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-parcel commercial portfolio with income-producing buildings and development potential.
Where is this mixed-use property located?
The property is located at 909 S Main Street #102 Salisbury, NC.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Below tax value: Listed at $979,000, significantly below the combined tax value of $1.3M+.; Income‑producing property: Includes three income‑producing buildings and a fully leased storage building, generating approximately $7,500/month.; High‑potential conversion opportunity: Kent Executive Center offers over 20,000 sq ft of open office space on the second floor, primed for conversion to residential apartments.
