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, Applebee’s, and Zaxby’s

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, Applebee’s, and Zaxby’s

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<ul><li><p> PRICE $2,865,000</p><p> 1.5172 +/- Acre site is improved with 21,787 sq. ft. operating motel built circa 1963. (Outlined in green)</p><p> 1.5600 +/- Acre sites consist of four residential investment properties built circa 1930 - 1953. (Outlined in red)</p><p> 3.0772 +/- Acres Commercial Enclave - Land assemblage comprising five (5) adjacent parcels. </p><p> Interim use motel &amp; residential home improvements to be demolished for Highest &amp; Best Use potential. </p><p> Zoning: Site 1 - (CBI) Commercial, Business, Industrial allows a wide range of commercial uses.</p><p> Sites 2-5 - (RS) Residential Suburban requires Commercial Re-Zoning.</p><p> Gently rolling topography from north side (high elevation) to south side (low elevation).</p><p> Ideal Uses(s): Retail shopping storefronts - Restaurant Park - Apartments - Convenience Gas&amp;Go</p><p> Services Station - Senior Housing - Office - Hotel.</p><p>Property Highlights</p><p>contact</p><p>CEN</p><p>TERPOIN</p><p>T GRO</p><p>UP, LLC</p><p> 1230 W. M</p><p>ore</p><p>hea</p><p>d St. C</p><p>harlo</p><p>tte, N</p><p>C 28208</p><p> Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com</p><p>1420 E. Innes St. &amp; Faith Rd. Intersection (Adjoining Streets - E. Council St. &amp; Kentwood Ave.)Salisbury, North Carolina 28146</p><p>Development Opportunity</p><p>FOR SALE</p><p>Faith Rd</p><p>.</p><p>Council St.</p><p>Kentw</p><p>ood A</p><p>ve.Innes St.</p></li><li><p>LOWESSITE</p><p>Aerial Site View - (proximity of major retailers)</p><p>List of Nearby Retailers/Users </p><p>LOWES HARDWARE WALGREENS FOOD LION RITE AID RADIO SHACK T-MOBILE FED EX </p><p>MARSHALLS VERIZON OLD NAVY SHOE DEPOT STAPLES ZAXBYS APPLEBEES PET SMART</p><p>CVS</p><p>FOOD LION</p><p>RITE AID</p><p>VERIZON</p><p>RADIO SHACKT- MOBILE</p><p>WALGREENS</p><p>APPLEBEES</p><p>contact</p><p>OLD NAVY</p><p>CEN</p><p>TERPOIN</p><p>T GRO</p><p>UP, LLC</p><p> 1230 W. M</p><p>ore</p><p>hea</p><p>d St. C</p><p>harlo</p><p>tte, N</p><p>C 28208</p><p> Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com</p><p>SHOE DEPTSTAPLES</p><p>PET SMART</p><p>ZAXBYS</p></li><li><p>SITE</p><p>Property Photos</p><p>contact</p><p>CEN</p><p>TERPOIN</p><p>T GRO</p><p>UP, LLC</p><p> 1230 W. M</p><p>ore</p><p>hea</p><p>d St. C</p><p>harlo</p><p>tte, N</p><p>C 28208</p><p> Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com</p><p>A premier commercial site located immediately off I-85 cloverleaf at a four-corner intersection of East Innes Street &amp; Faith Road. Interstate 85 is a major north/south transportation artery from Alabama to Virginia (realizing 67,500 </p><p>vehicles per day near subject exit ramp 76A). This corner location is equipped with excellent road frontage, </p><p>accessibility, high visibility and is heav-ily travelled with approximately 30,000 vehicles per day.</p><p>This 3.0772 acre land assemblage is comprised of four (4) contiguous sites located at 1420 East Innes Street, 1415 E. </p><p>Council Street, 116 Kentwood Street, 1417 E. Council Street, and 1419 E. Council Street. A proposed redevelopment </p><p>mixed-use plan is underway to include 27,500 square feet of urban street retail along its main road frontage coupled </p><p>with 32 units of multi-family apartment units.</p><p>Immediately south, the area is flanked by an array of national and regional retailers including Walgreens, CVS </p><p>Pharmacy, and the Innes Street Market Regional Shopping Center occupied by Lowes, Food Lion, Marshalls, </p><p>Staples, Old Navy, Pet Smart, Applebees, and Zaxbys. The southwest corner of the subject is improved with a </p><p>retail strip center occupied by FedEx, Radio Shack and T-Mobile.</p><p>Located two miles east of Salisburys Historic Downtown District; the Innes Street Corridor is the central convergence </p><p>and hub of economic growth and development in Salisbury. The entire corridor has and continues to be the primary </p><p>target for revitalization, redevelopment, beautifica-tion, and commercial growth over the past decades. Available </p><p>programs such as the Innes Street Grant Program infuse private and public funding throughout the City to promote </p><p>and augment economic development in this area.</p><p>Property Background</p></li><li><p>Demographic Specific To Salisbury, NC</p><p> Population (2012) 33,622 (27.1% increase since 2000) </p><p> Median Household Income (2011): $33,257</p><p> Median House or Condo Value (2011): $129,173</p><p> Detached House Mean Value (2011): $175,800</p><p> Townhouse Mean Value (2011): $124,301 </p><p> Estimated Per Capita Income (2011): $18,681 </p><p> Median Gross Rent (2011): $682</p><p> Unemployment (7/2013): 10.1%</p><p>Pie Chart of Civilian Employment History </p><p>1. Manufacturing: 27% </p><p>2. Education/Health: 17%</p><p>3. Retail/Wholesale: 16%</p><p>4. Construction: 8% </p><p>5. Transportation/Warehousing: 6% </p><p>6. Professional: 5% </p><p>7. Finance/Real Estate: 5%</p><p>8. Arts/Entertainment: 5%</p><p>9. Others: 5%</p><p>10. Public Administration: 4%</p><p>1</p><p>2</p><p>3</p><p>4</p><p>5</p><p>6</p><p>7</p><p>8</p><p>910</p><p>contact</p><p>CEN</p><p>TERPOIN</p><p>T GRO</p><p>UP, LLC</p><p> 1230 W. M</p><p>ore</p><p>hea</p><p>d St. C</p><p>harlo</p><p>tte, N</p><p>C 28208</p><p> Daryl M. Hayes | 704.804.4061 | dhayes@centerpointgrp.com</p></li></ul>