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313 Salisbury Ave Spencer, NC 28159
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313 Salisbury Ave Spencer, NC 28159


  • Strip malls
  • 49,480 SF
  • 5.64 lot acres
Grocery Center in Spencer, NC For Lease
$930,000

Grocery Center in Spencer, NC

Grocery center with full traffic access and easy highway access.

313 Salisbury Ave, Spencer, NC 28159
View Listing
Property ID
US53-1880123
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.

Value Estimations
$930,000
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Northern Rowan Family Medicine (Food Lion Parking Lot)) / Medical Laboratory
  • Food Lion / Grocery & Convenience Store / Food Market

Property Details for 313 Salisbury Ave

Year built
1988
Lot size
5.64 lot acres
Property size
49,480 SF
Zone code
NB:NEIGHBORHOOD BUS
Property type
Strip malls
Property subtype
Shopping centers
APN
035 256
APU
35256

Description

Spencer Marketplace, located at 313 Salisbury Ave, Spencer, NC 28159, presents a prime retail leasing opportunity. This multi-tenant retail center boasts a total of 47,874 square feet, with 1,800 square feet currently vacant. Strategically situated in Rowan County, the property enjoys excellent visibility and accessibility. Its prime location offers full traffic access from North Salisbury Street and is conveniently located just a quarter-mile north of the North Carolina Transportation Museum, ensuring high foot traffic and visibility. The center's proximity to Interstate 85 provides easy access for customers and employees alike. The property is classified as a primary grocery center within the Spencer community, indicating a strong existing customer base and potential for significant growth. The available 1,800 square feet offers a flexible space suitable for a variety of retail businesses. The property's address is easily accessible via Jefferson Street, providing multiple points of entry and exit for optimal convenience. This is an exceptional opportunity to establish or expand a retail presence in a thriving North Carolina market. The property's size and location make it an ideal investment for businesses seeking high visibility and convenient access to a substantial customer base.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $720,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,133,000
    Market price range: $722k - $1.74M
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $1,210,000
    Current use

Get a detailed, property-specific estimation — fast and free


Location Insight

  • Map
  • Local Demand
City
Spencer
County
Rowan
State
North Carolina
Longitude
-80.4256
Latitude
35.6916
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
$41,395
$697,695
$2,965,615
$3,663,310
-
$697,695
$2,965,615
$3,663,310
View Listing
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