916 E Innes St

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916 E Innes St

Salisbury, NC 28144
Asking Price
$3.95M
Asset Type
Retail
Class
Class B

What's Special

916 East Innes Street is located along a high-traffic commercial corridor in Salisbury, North Carolina, situated less than one mile from the Interstate 85 interchange. The surrounding neighborhood is characterized by a dense concentration of national retailers, quick-service restaurants, and established local businesses. The property benefits from high visibility and proximity to the Rowan County regional hub, providing convenient access for commuters and residents from the nearby historic downtown district. The site is suited for diverse retail applications, including specialized showrooms, boutique storefronts, or consumer service centers. Given the significant daily vehicle counts and the mix of residential and commercial zoning in the immediate area, the location is optimal for tenants seeking brand exposure. Typical tenant profiles include regional franchisees, medical office providers, or retail operators requiring a central position within Salisbury’s primary shopping artery.

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NOI
$80,000
Cap Rate
2.03%
DSCR
0.34
Underwater
Cash-on-Cash
-13.04%
Monthly Payment
$19,542.445
Annual Cash Flow
$-154,509.338

Location & Travel Times