512 Klumac RD new Save Request In-Person Tour Request Virtual Tour
Salisbury,NC 28144
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4211333
Year Built 1997
Lot Size 4.350 Acres
Acres 4.35
Lot Dimensions +/-394' x 482' x 395' x 494'
Property Description
A rare opportunity to purchase a 100% occupied office park / retail center in Salisbury. The 4.35-acre site is located just 0.7 miles from Interstate I-85 with 394 feet of frontage on Klumac Rd. Eleven total units totaling 12, 304 square feet are divided between (2) one-story brick buildings that we constructed in 1997. Zoned CMX with an array of potential uses. Mostly long-term office, retail & medical tenants on flexible short-term leases. Current below-market rents provide substantial value-added opportunities for new ownership. Large level lot conducive for additional development. Paved asphalt parking lot with 66 spaces. Recent HVAC and roofing improvements. Currently $135,600 in Gross Annual Income. This is part of a family-owned portfolio with multiple income-producing properties available for purchase in Salisbury. August 2024 appraisal available for review.
Location
State NC
County Rowan
Building/Complex Name Klumac Square
Zoning CMX
Interior
Heating Central,Forced Air
Cooling Central Air
Flooring Carpet,Tile,Laminate
Inclusions Building,Land
Exterior
Utilities Available Cable Connected,Electricity Connected,Fiber Optics,Gas,Phone Connected
Roof Type Shingle
Total Parking Spaces 66
Building
Lot Description Flood Plain/Bottom Land
Dwelling Type Site Built
Foundation Slab
Sewer Septic Installed
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None