Development Opportunity FOR SALE - LoopNet: ??Development Opportunity FOR SALE Faith Rd. Council ... mixed-use plan is underway to include 27,500 square feet of urban ... Pet Smart, Applebees, and Zaxbys.

Download Development Opportunity FOR SALE - LoopNet:  ??Development Opportunity FOR SALE Faith Rd. Council ... mixed-use plan is underway to include 27,500 square feet of urban ... Pet Smart, Applebees, and Zaxbys.

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  • PRICE $2,865,000

    1.5172 +/- Acre site is improved with 21,787 sq. ft. operating motel built circa 1963. (Outlined in green)

    1.5600 +/- Acre sites consist of four residential investment properties built circa 1930 - 1953. (Outlined in red)

    3.0772 +/- Acres Commercial Enclave - Land assemblage comprising five (5) adjacent parcels.

    Interim use motel & residential home improvements to be demolished for Highest & Best Use potential.

    Zoning: Site 1 - (CBI) Commercial, Business, Industrial allows a wide range of commercial uses.

    Sites 2-5 - (RS) Residential Suburban requires Commercial Re-Zoning.

    Gently rolling topography from north side (high elevation) to south side (low elevation).

    Ideal Uses(s): Retail shopping storefronts - Restaurant Park - Apartments - Convenience Gas&Go

    Services Station - Senior Housing - Office - Hotel.

    Property Highlights

    contact

    CEN

    TERPOIN

    T GRO

    UP, LLC

    1230 W. M

    ore

    hea

    d St. C

    harlo

    tte, N

    C 28208

    Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com

    1420 E. Innes St. & Faith Rd. Intersection (Adjoining Streets - E. Council St. & Kentwood Ave.)Salisbury, North Carolina 28146

    Development Opportunity

    FOR SALE

    Faith Rd

    .

    Council St.

    Kentw

    ood A

    ve.Innes St.

  • LOWESSITE

    Aerial Site View - (proximity of major retailers)

    List of Nearby Retailers/Users

    LOWES HARDWARE WALGREENS FOOD LION RITE AID RADIO SHACK T-MOBILE FED EX

    MARSHALLS VERIZON OLD NAVY SHOE DEPOT STAPLES ZAXBYS APPLEBEES PET SMART

    CVS

    FOOD LION

    RITE AID

    VERIZON

    RADIO SHACKT- MOBILE

    WALGREENS

    APPLEBEES

    contact

    OLD NAVY

    CEN

    TERPOIN

    T GRO

    UP, LLC

    1230 W. M

    ore

    hea

    d St. C

    harlo

    tte, N

    C 28208

    Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com

    SHOE DEPTSTAPLES

    PET SMART

    ZAXBYS

  • SITE

    Property Photos

    contact

    CEN

    TERPOIN

    T GRO

    UP, LLC

    1230 W. M

    ore

    hea

    d St. C

    harlo

    tte, N

    C 28208

    Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com

    A premier commercial site located immediately off I-85 cloverleaf at a four-corner intersection of East Innes Street & Faith Road. Interstate 85 is a major north/south transportation artery from Alabama to Virginia (realizing 67,500

    vehicles per day near subject exit ramp 76A). This corner location is equipped with excellent road frontage,

    accessibility, high visibility and is heav-ily travelled with approximately 30,000 vehicles per day.

    This 3.0772 acre land assemblage is comprised of four (4) contiguous sites located at 1420 East Innes Street, 1415 E.

    Council Street, 116 Kentwood Street, 1417 E. Council Street, and 1419 E. Council Street. A proposed redevelopment

    mixed-use plan is underway to include 27,500 square feet of urban street retail along its main road frontage coupled

    with 32 units of multi-family apartment units.

    Immediately south, the area is flanked by an array of national and regional retailers including Walgreens, CVS

    Pharmacy, and the Innes Street Market Regional Shopping Center occupied by Lowes, Food Lion, Marshalls,

    Staples, Old Navy, Pet Smart, Applebees, and Zaxbys. The southwest corner of the subject is improved with a

    retail strip center occupied by FedEx, Radio Shack and T-Mobile.

    Located two miles east of Salisburys Historic Downtown District; the Innes Street Corridor is the central convergence

    and hub of economic growth and development in Salisbury. The entire corridor has and continues to be the primary

    target for revitalization, redevelopment, beautifica-tion, and commercial growth over the past decades. Available

    programs such as the Innes Street Grant Program infuse private and public funding throughout the City to promote

    and augment economic development in this area.

    Property Background

  • Demographic Specific To Salisbury, NC

    Population (2012) 33,622 (27.1% increase since 2000)

    Median Household Income (2011): $33,257

    Median House or Condo Value (2011): $129,173

    Detached House Mean Value (2011): $175,800

    Townhouse Mean Value (2011): $124,301

    Estimated Per Capita Income (2011): $18,681

    Median Gross Rent (2011): $682

    Unemployment (7/2013): 10.1%

    Pie Chart of Civilian Employment History

    1. Manufacturing: 27%

    2. Education/Health: 17%

    3. Retail/Wholesale: 16%

    4. Construction: 8%

    5. Transportation/Warehousing: 6%

    6. Professional: 5%

    7. Finance/Real Estate: 5%

    8. Arts/Entertainment: 5%

    9. Others: 5%

    10. Public Administration: 4%

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    910

    contact

    CEN

    TERPOIN

    T GRO

    UP, LLC

    1230 W. M

    ore

    hea

    d St. C

    harlo

    tte, N

    C 28208

    Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com

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