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 E Innes Street is located at a high-visibility point within the primary commercial corridor of Salisbury, North Carolina. The neighborhood serves as a major retail gateway, situated less than one mile from the Interstate 85 interchange. The immediate vicinity features a dense mix of national fast-food chains, grocery-anchored shopping centers, and essential service providers. Pedestrian and vehicular access is supported by established infrastructure, linking the site directly to the historic downtown district and surrounding residential pockets. The property is suited for retail operations that benefit from high daily traffic counts and regional accessibility. Ideal use cases include convenience retail, showroom space, or quick-service food concepts. A typical tenant profile would likely consist of established regional franchises or local service-oriented businesses seeking a centralized position within the Salisbury market. The site offers functional potential for occupants requiring prominent signage and proximity to the area's principal transportation arteries.

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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