612 Main St Salisbury, NC 28144
- Turn key restaurants
- 4,844 SF
- 1.14 lot acres
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
- Vanity 612 / Bar
Property Details for 612 Main St
- Year built
- 1961
- Lot size
- 1.14 lot acres
- Property size
- 4,844 SF
- Zone code
- B5
- Property type
- Turn key restaurants
- APN
- 015 356
- APU
- 15356
Description
This exceptional 1.78-acre commercial property, situated at 612 S Main Street in the heart of Salisbury, NC, presents a compelling investment opportunity. Currently generating a monthly rental income of $4200 from an existing tenant, this property offers significant potential for future growth and development. Its prime location within walking distance of Salisbury's vibrant downtown area, brimming with restaurants, breweries, and shops, ensures high visibility and accessibility. The DMX zoning designation provides flexibility, allowing for a diverse range of uses, including multi-family residential development (condos or apartments) and various commercial ventures. This versatility makes it an ideal canvas for a variety of projects, catering to the growing demand for both residential and commercial spaces in the area. Adding to its appeal, the property is located within an Opportunity Zone, potentially offering significant tax advantages for investors. The substantial lot size and strategic location make this a rare find in the Salisbury market, promising strong returns and long-term value appreciation. This is a chance to acquire a high-performing asset with considerable upside potential in a thriving downtown setting. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.4764
- Latitude
- 35.6631
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
