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    Property profile & analytics
    OFF-MARKET Estimated value $595,000
    Retail space

    121 Main St, Salisbury, NC 28144-4304

    7,548 SF 0.12 ac lot Built 1900
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1321579
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 7,548 SF
    Lot 0.12 ac (5,314 SF)
    Zoning code B5
    APN 105483
    UPID US53-1321579
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Carpe Vinum 121 Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $440k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $634k
    Blend (final) Blend
    $595k
    Owner & transaction history
    Truvantage LLC · 1 yrs held
    Truvantage LLC
    since 2024
    Last sale
    $600,000
    7 recorded transactions
    2024
    $765,000
    2022
    2022
    $600,000
    2017
    $200,000
    2017
    $210,895
    1969
    1969
    Zoning & alternative use
    B5 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $905,000 +73.3%
    Office building $865,000 +65.6%
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