1303 S Salisbury Ave Spencer, NC 28159
Property profile & analytics
1303 S Salisbury Ave, Spencer, NC 28159
- Retail space
- 14,960 SF
- 0.67 lot acres
Property ID
US53-5458396
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Twisted MX LLC / Auto Repair Shop / Vehicle Inspection Center
Property Details for 1303 S Salisbury Ave
- Year built
- 1966
- Lot size
- 0.67 lot acres
- Zone code
- HB
- Property type
- Retail space
- APN
- 030 140
- APU
- 30140
Description
This exceptional commercial property, located at 1303 S Salisbury Avenue in Spencer, NC, presents a unique investment opportunity. Situated on a 0.66-acre lot, the building boasts excellent road frontage and high visibility, ensuring significant exposure for any business. Its strategic location between Charlotte and Winston-Salem, with easy access to I-85, provides unparalleled convenience and accessibility to a large customer base. The property is zoned Hwy Business, offering flexibility for a wide range of commercial uses. The building's history demonstrates its adaptability, having previously served as an auto parts store, auto service center, boat sales and service facility, pawn shop, antique/consignment retail space, and most recently, a Meals on Wheels distribution center. Currently, the property has month-to-month tenants with five-year lease agreements in place. These tenants have expressed a desire to remain, but understand a 60-day notice period is required should the new owner choose not to renew their leases. This presents a compelling opportunity for a new owner to either continue with existing tenants or implement their own vision for the space. The asking price is $479,000. This property offers significant potential for both immediate income generation and long-term growth. Don't miss this chance to acquire a versatile and strategically located commercial property in a thriving area.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.4437
- Latitude
- 35.6824
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,792
$90,000
$245,601
$335,601
-
$90,000
$245,601
$335,601
