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    313 Salisbury Ave Spencer, NC 28159
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    Property profile & analytics

    313 Salisbury Ave, Spencer, NC 28159

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    • 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
    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
    More about this property
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