Property profile

1700 1st St Salisbury, NC 28144

OFF-MARKET
Warehouses
Property ID
US53-2412424
6,900 SF 0.52 ac lot Built 1946
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,817-square-foot warehouse, located at 1700 1st St in Salisbury, North Carolina, presents a significant opportunity. The property sits on a 0.51-acre lot and boasts a single-tenant occupancy status, making it perfect for a business seeking ample space and immediate use. Constructed in 1946, the building features ceiling heights ranging from 12 to 15 feet, providing generous vertical clearance for various storage and operational needs. Access is convenient with one drive-in door. The warehouse also includes a fenced-in lay-down yard offering additional outdoor storage space, totaling approximately 713 square feet. Above the office space, there is additional storage. The property is zoned CMX and is situated in Rowan County, offering easy access to Interstate 85, a mere three-minute drive away. This prime location provides excellent accessibility for transportation and logistics. The entire 10,817 square feet is currently vacant, allowing for immediate customization and occupancy to suit a new tenant's specific requirements. This property is an excellent opportunity for businesses seeking a well-located, spacious warehouse in Salisbury, NC.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1946
Total area 6,900 SF
Lot 0.52 ac (22,477 SF)
Zoning code M1
APN 014 356
UPID US53-2412424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement HVAC Service
  • HVAC Service General Contractor

Location

1700 1st St Salisbury, NC 28144-6605
Salisbury metro Census 50300 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2024
Last sale
$365,000
2 recorded transactions
2024
$365,000
2016
$62,500

Zoning & alternative use

M1 · Salisbury, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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