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Property profile & analytics
OFF-MARKET Estimated value $1,505,000
Super regional malls

1935 Jake Alexander W Blvd Salisbury, NC 28147-1164

141,593 SF 25.55 ac lot Built 1985
Entity Owned 12-yr Hold Free & Clear
Property ID
US53-1525725
Property summary
AI-generated overview

This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in Salisbury, North Carolina. Located at 1935 Jake Alexander Blvd W, this single-tenant site boasts a highly visible position fronting Highway 60 (also known as Statesville Boulevard), ensuring maximum exposure for any development. The property is zoned Highway Business (HB), allowing for a wide range of commercial uses. This is the last remaining outparcel available at the Salisbury Mall, offering a rare chance to capitalize on a prime location within an established commercial area. The land is currently raw and ready for development, nestled between two attractively landscaped businesses in the West End Plaza, providing a desirable and aesthetically pleasing setting. Situated in Rowan County, this property offers easy access to major transportation routes and a thriving local market. Its strategic location and zoning make it ideal for a variety of commercial ventures. The 28147 zip code further underscores its accessibility and desirability. This is an exceptional opportunity to acquire a highly visible and well-located commercial property in a growing area. Contact us today to learn more about this exceptional investment opportunity.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1985
Total area 141,593 SF
Lot 25.55 ac (1,113,132 SF)
Zoning code HB:HIGHWAY BUSINESS
APN 331 078
UPID US53-1525725
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
  • Family Closet 2 Discount Store (Bike/Boat/Book/etc) Store
  • Bath & Body Works (Bike/Boat/Book/etc) Store Cosmetic Store
  • Badcock Home Furniture &more Building Supply Electrical Service
  • Big Lots Department Store
  • Teri Kidz Consignment Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$1.51M
Owner & transaction history
Rowan County North Carolina · 12 yrs held
Rowan County North Carolina
since 2013
7 recorded transactions
2013
$3.4M
2013
$3.4M
2012
$2.5M
2012
$2.5M
2011
$10.4M
2011
$10.4M
1969
Price N/A
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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