1121 Old Concord Rd Salisbury, NC 28146

Property Details for 1121 Old Concord Rd

Year built

1985

Lot size

0.62 lot acres

Property size

9,084 SF

Zone code

M1

Property type

Office buildings

APN

069 00402

APU

6900402

Description

This fully renovated, 15-suite office building in Salisbury, NC presents a compelling investment opportunity. Completed within the last five years, the property boasts 100% occupancy, generating a substantial annual gross income of $142,956. The building offers a range of desirable features designed to attract and retain tenants, including a shared lobby, a convenient breakroom, and ample parking with 38 spaces. Each of the fifteen executive office suites is currently leased, ensuring immediate cash flow for the new owner. The property's strategic location provides excellent accessibility, situated just 0.6 miles from Interstate 85 and 1.5 miles from downtown Salisbury, offering tenants easy access to major transportation routes and the city's amenities. This turnkey operation requires minimal management, making it an ideal investment for those seeking a stable and profitable commercial real estate asset. The 0.62-acre lot provides ample space for the building and its parking facilities. The building's recent renovation ensures modern aesthetics and functionality, minimizing the need for immediate capital expenditures. This is a rare opportunity to acquire a high-performing, income-generating office building in a desirable location. The property is ready for immediate ownership and offers a strong return on investment.

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Longitude

-80.4741

Latitude

35.646

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments