620 Innes St, Salisbury, NC 28144-4143

This exceptional investment opportunity presents a fully occupied, 3,810 square foot stand-alone office building located at 620 W Innes Street, Salisbury, NC. The property, situated on a 0.51-acre lot with 96 feet of frontage, boasts a prime location just a quarter-mile from Salisbury's city center. Currently leased to a nationally recognized charity, the building offers a secure, long-term lease extending through December 31, 2025, with an option to extend through 2028, incorporating annual rent increases. Generating a substantial gross annual income of $42,600, this property presents an attractive 8% capitalization rate with minimal landlord expenses. Built in 1966, this single-story, full-brick building showcases mid-century modern architecture, highlighted by a pitched/vaulted roofline, exposed rafters, abundant large windows, exterior paneling, and sleek interior/exterior brickwork. The spacious interior includes a remarkable 25' x 33' meeting room, nine individual offices, a breakroom, two restrooms, ample storage space, a mechanical room, a welcoming lobby, and an enclosed glass entryway. The property also features asphalt parking with 20 designated spaces. Zoned RMX, this versatile property offers a wide array of permissible uses. This offering is part of a larger portfolio of income-producing commercial properties available for purchase in Salisbury. This is a rare opportunity to acquire a stable, high-yielding investment in a desirable location.