121 Main St, Salisbury, NC 28144-4304
This exceptional commercial property, located at 121 S Main Street in Salisbury, North Carolina, presents a unique investment opportunity. The 5,194 square foot building, situated on a 0.23-acre lot, underwent a complete renovation in 2020, boasting a stylish French-inspired design. The main level is currently leased to the upscale Carpe Vinum 121 restaurant, with lease renewal options available. The building features a new rubber roof with added insulation, two upstairs heat pumps, updated plumbing, new flooring on the upper level, and three new half-baths upstairs, in addition to two on the main level. All fixtures have been replaced throughout. The vacant upper level offers stunning street views and is adaptable for various uses, including office space or conversion into residential apartments. A significant advantage is the inclusion of a private parking lot with 11 spaces and a gated courtyard, enhancing the property's appeal and functionality. The property's prime downtown location and recent renovations make it an attractive investment in a thriving North Carolina city. The zip code is 28144. This is a rare opportunity to acquire a versatile commercial property with strong existing tenancy and significant upside potential.
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Carpe Vinum 121 Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B5 · Salisbury, NCSalisbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.