1303 S Salisbury Ave Spencer, NC 28159

Property Details for 1303 S Salisbury Ave

Year built

1966

Lot size

0.67 lot acres

Property size

14,960 SF

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.

Location Insight

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