512 Klumac Rd Salisbury, NC 28144

Property Details for 512 Klumac Rd

Year built

1997

Lot size

4.47 lot acres

Property size

5,980 SF

Zone code

M1

Property type

Office buildings

APN

017 187

APU

17187

Description

This exceptional investment opportunity presents a fully occupied, 12,304-square-foot retail center situated on a sizable 4.35-acre lot in Salisbury, North Carolina. Strategically located just 0.7 miles from Interstate I-85, this property boasts 394 feet of frontage on Klumac Road, ensuring high visibility and accessibility. The property comprises two single-story brick buildings constructed in 1997, housing eleven individual units currently leased to a mix of office, retail, and medical tenants. These tenants benefit from flexible, short-term leases, offering the new owner significant potential for rental increases. The current gross annual income stands at $135,600, representing a below-market rental rate and substantial upside potential. The property features a large, level lot, presenting opportunities for future expansion or development. Ample parking is provided with a paved asphalt lot accommodating 66 vehicles. Recent upgrades include improvements to the HVAC system and roofing, minimizing immediate maintenance needs. The property is zoned CMX, allowing for a diverse range of potential uses. An August 2024 appraisal is available for review, further supporting the exceptional value of this offering. This property is part of a larger portfolio of income-producing properties available for purchase in Salisbury.

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Longitude

-80.4857

Latitude

35.6494

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments