Two Large Buildings Offer Endless Possibilities!

In the heart of an old rail spur and historic mill village in Salisbury, North Carolina, Realtor Greg Rapp is offering a blank slate full of possibilities! Salisbury Real Estate LLC has just listed this wonderful corner lot with two large buildings that would make a fantastic micro-brewery, a gardening hardscape/landscape center and showroom, local coffee shop/restaurant, automotive service, or more....the possibilities are endless! Want to know more? Call Greg at 704.213.6846....and read more here!

Welcome to 515 N. Clay Street ~ the former location of the circa 1916 Rowan Canning Company: two spacious buildings on just under an acre on a corner lot with substantial parking!

Enter the 3312 square-foot white brick veneer and concrete block building (are you hearing low maintenance and heat/AC bills??) via an entrance vestibule that from there leads into a lobby area. One side of the building offers office space, two bathrooms, and three storage or additional office spaces. An impressive looking, approximately 1770 s.f. industrial-style open space with an attractive beamed ceiling with modern lighting and ceiling fans, and LOADS of natural daylight through an array of large double-insulated windows!  The most recent owner utilized this area as showroom space. This building's interior is stunning, clean, and up-to-date.

 

A pleasant covered porch to the side of the building, formerly a loading dock, creates a welcome break area. The building offers a new gas pack/central AC. This building could be subdivided into residential units - the possibilities are endless!  

A 2nd metal-clad, wood-frame building is approximately 30' x 150' (4500 sq ft) with miles of intact metal roof.  This was the site of the circa 1916 canning company.  The building has electric service but no water.  For the most part, this building is a wide open interior, but the current owner framed out a 30 x 30 area with a raised platform floor.  Near this building, three smaller utility sheds convey with the sale of the property.

515 N. Clay Street offers on-street parking as well as a substantial parking lot, and is entirely fenced-in. Both buildings can easily be divided to create even further opportunities. 

The Seller is willing to subdivide property, however no survey for subdivision has been done yet. The Seller will entertain selling the brick building for $395,000 and/or wood frame building for $150,000. If subdivided, the brick building will retain the sewer easement. There are some old monitoring wells in the parking lot, NCDENR has issued a No Further Action Letter in 2005, copy provided upon request. The wells remain or can be removed at the new owner's discretion.

Within the borders of North Carolina extending outward into a regional sphere, the railroad environment at Salisbury is well known both operationally and from a pictorial standpoint. Legions of railfans know the territory, the trains that operate, and the history of the region to varying degrees depending on age and depth of interest. It is at the epicenter of the Norfolk Southern presence in the state and one that is in a continual process of transformation as the railroad converts to a 21st century corridor. 

The East Franklin Street railroad spur, a rail line that is mostly buried in this neighborhood, is representative of a time when rail shippers were located away from the railroad mainline right of way yet utilized or required rail service. These industries were constructed during an era when zoning laws were non-existent or in the least, somewhat relaxed. In spite of the passage of the years, remains of the old East Franklin district still exist. At 515 N. Clay Street and nearby, a piece of the past is still visible. The old Diamond Cotton Mills building still stands where remains of the railroad can be seen. Running parallel to the street is the track that served the Diamond Mills (someone is currently refurbishing this sprawling set of buildings!) and continued across the road, through the property at Rowan Canning Company, and on to the historic Kesler Mill (now demolished). The track is encased in the asphalt where the spur crossed the street and passed along the Rowan Canning Company building that existed in 1922. The circa 1922 Sanborn map below shows the rail line and the elongated red wood structure. The brick/block building had not yet been erected. (Adapted from West Virginia and North Carolina Rails, Lost Salisbury by Dan Robie / wvncrails.org)

Records show the Rowan Canning Company as the 1916 deed-holder, and soon after, there were several deed transfers. The Salisbury School system owned the buildings from 1953 until 2018 when the current owner purchased the property.

The City of Salisbury offers an array of incentives that may apply to this property! 515 N. Clay Street is located in one of the city's designated 'Opportunity Zones', a new program with the potential to attract investment capital into specific areas of North Carolina created by federal tax legislation known as The Tax Cuts and Jobs Act (H.R.1). North Carolina Opportunity Zones offer qualified investors certain tax benefits when they invest unrealized capital gains into these areas, such as:

• Temporary tax deferral for capital gains reinvested in an Opportunity Fund
• Step-up in basis for capital gains reinvested in an Opportunity Fund
• Permanent exclusion from taxable income of long-term capital gains

There is additionally the Park Avenue Housing Rehabilitation Program, where residents who own property located within the Phase 1 Eligibility Area (see map) of the City of Salisbury’s Kesler Mill/Park Avenue Housing Rehabilitation Program may be eligible for financial assistance for exterior repairs and improvements, such as painting, roofing, porches, foundations, doors and windows, minor landscaping, and similar improvements. The property at 515 N. Clay Street may be eligible if it were converted to residential dwellings. To explore this opportunity, interested parties should contact Nicky Brown / (704) 216-2738 / nibrow@salisburync.gov with City of Salisbury Planning Department.

 

515 N. Clay Street is just a stone's throw from the Interstate-85 exchange in Salisbury, and just blocks from the large commercial area found there with big name entities such as Walmart, Starbucks, Panera Bread, Outback Restaurant, and more...yet nestled in a small historic commercial development at the fringe of the Park Ave/Kesler Mill historic neighborhoods and the heart of the once-thriving rail spur district.

Here is your chance to do something really special with this dual opportunity in this mixed use zoned neighborhood. Realtor® Greg Rapp with Salisbury Real Estate LLC can tell you more about this fantastic set of double buildings on this prime corner! Call 704.213.6846 to learn more!

515 N Clay Street
Salisbury, NC 28144
CMLS#3861639
$545,000

Greg Rapp 
Salisbury Real Estate LLC 
704 213 6846 Mobile 
GregRappRealtor@gmail.com 
www.realestatesalisbury.net 

Here We Grow Again! Rowan County on the MOVE!

We often boast about all the good things that the City of Salisbury and the surrounding Rowan County have to offer!  When you're looking for a home here, Greg Rapp with Salisbury Real Estate LLC is the best resource for Rowan County knowledge and history, and we love telling folks about it!  

But here is a chance to hear it from someone else!  Here is a recent social media post written by one of our Rowan County Commissioners, Greg Edds.  It describes the fantastic growth we are seeing in Rowan County....and we couldn't put it better, so here it is:

"I had county meetings all morning and was heading back into town. I decided to take the Webb Road exit to take a look at our most recent construction project that is now going vertical, the I-85 Commerce Center. North Point Development, the Chewy developer, is constructing this newest building. It’s always a credit to a community when a developer comes back for additional projects! 

I stopped to watch all of the construction activity going on and couldn’t help but reflect on how grateful we are to be in a county that, as the Charlotte Business Journal recently put it, is on an incredible roll. 

I decided to drive by just a handful of the companies that have recently chosen to invest heavily into Rowan County. 

When I drove up, what I found was full parking lots. The cars I saw are representative of the thousands of individuals who are working inside these buildings and many of those individuals represent families who, for the first time, have access to group health insurance. They are Moms and Dads that now have paid vacation, a solid retirement plan and wages that are far above what they have ever earned. Some are, for the first time, working one full-time job and not three crappy part time jobs with no benefits.  

These jobs are responsible for cutting Rowan’s unemployment rate in half. They have helped cut our poverty rate by 20%. They are a source of our large increase in individual and household income. 

Hexagon Agility was the first big deal we did. A manufacturer of compressed natural gas fuel systems, they brought a large capital investment to our community and now employ over 200 skilled workers. 

We were also informed at our recent forum that these companies will pick up and move to another community once their incentive agreements with the county have expired. Of course this doesn’t make any logical or mathematical sense. But, hey, it’s election season, right? Hexagon opened their $20 million dollar, 204,000 square foot facility in October of 2015. Their incentive agreement has since expired. But instead of firing their employees and abandoning their building they recently announced that they were going to invest a new $23 million dollars into Rowan County by adding an additional 113,000 square feet to their existing building and planning to hire an additional 75 people. Good for them. Good for Rowan County. Good for our people. 

AMREP followed Agility. They build the bodies for municipal garbage trucks. They’re busting at the seams and looking to expand. We’re grateful to have them here in Rowan County employing our people. Good pay. Good benefits. 

New York Airbrake is a manufacturer that already had a facility here. We competed with another state on the consolidation of two locations. We won. They built a new state of the art facility and hired more people. Good pay. Good benefits. 

Chewy, our first mega project, invested $55 million initially and projected 1,200 employees. They’re already at 1,400 and working toward 1,600. Thank you Chewy. 

North Point’s new I-85 Commerce Center (700,000 square feet) on Webb Road will likely house 1,000+ employees paying good wages with full benefits. The market will require that. 

Another new project on Peeler Road will bring another 700,000+ square feet class A building, $70 million in capital investment and 1,000+ employees. With good pay and full benefits. 

Red Rock Development will invest $200 million in multiple class A buildings and bring additional jobs. With full benefits. 

The old Kannapolis baseball stadium is in Rowan County and is being torn down and new construction is already being planned there. More investment and good jobs for the region. With full benefits. 

Henderson Grove Church Rd has a large project in the works that the city of Salisbury recently approved. More investment. More good jobs. With full benefits. 

And, of course, Macys just announced they will build their U.S. flagship facility in China Grove, investing almost $600 million into Rowan County. Over 30% of every item sold by Macy’s will now pass through Rowan County. They will hire 2800 full time employees, and pour over $100 million dollars of payroll - per year - into our economy. 

This project is the 2nd largest project announced in the entire state of NC in the past 12 months. They also anticipate an additional 2500 part-time and seasonal workers. Most understand that seasonal workers mean extra workers being brought in during Christmas and other high retail times throughout the year. “Some” have confused seasonal workers with migratory workers. Macy’s is a global retail establishment, they don’t grow produce. These part time and seasonal jobs are typically occupied by 1) people who only want to work part-time, 2) local college students who need a job to help pay for college and other expenses, and 3) college students that are home for the summer or Christmas and need to work to pay for college and/or Christmas presents for their loved ones. 

So, lots of wonderful news for all of us to celebrate. We are grateful for those who have made the decision to invest in Rowan County and our good people."  ~ Greg Edds | Rowan County Commissioner

Yes...we are!  Hurray for Rowan County, North Carolina!

When you're looking for a home in Rowan County, give Greg Rapp & Salisbury Real Estate LLC a call ~ and we will show you even MORE of the good things happening here! As Greg likes to say, "Here we grow again!"  Call 704.213.6846 to make it happen!

Greg Rapp 
Salisbury Real Estate LLC 
704 213 6846 Mobile 
GregRappRealtor@gmail.com 
www.realestatesalisbury.net 

Always wanted to 'Flip' a house? Here is your opportunity!

Calling all investors and flippers!!! 

Greg Rapp with Salisbury Real Estate LLC has an opportunity for you!  And opportunities like 412 Jordan Avenue in Spencer, North Carolina are harder and harder to find in today's fast-moving real estate market!

This vintage 2-bedroom/1-bath home in the Town of Spencer, North Carolina is a blank slate! This circa 1927 -  900 square-foot Arts & Crafts cottage is a shell that awaits your finishing.

The good news: The roof is approximately 2-3 years old per the seller. The inside walls have been sheetrocked and primed, leaving a vanilla box for you to finish.

The home sits on a 50' X 150' deep, sloping lot. A small covered deck overlooks the tree-lined backyard. The small basement is partially above grade, offering windows, natural daylight, and a nice walk-out feature. The home offers on-street parking.

The hard news: The home needs to have ceilings and flooring installed. The home requires a new kitchen and bath. In the kitchen, the unfinished cabinetry system in the house remains.  This cute home will additionally need new HVAC and probably a new water heater.

The seller is accepting Cash-Only offers...and NO sight unseen offers!

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The Town of Spencer features the nation's largest contiguous historic district and is filled with charming vintage homes from the late 1800s to the 1940s.  A grid of sidewalk lined neighborhoods surrounds a beautiful Library Park.  Nearby is the North Carolina Transportation Museum, a destination that hosts many amazing events year-round.  New homeowners will be sitting on the rocking-chair front porch at 412 Jordan Avenue listening to the nostalgic sounds of old-timey steam engine whistles and more.  

The City of Salisbury is right next door with a thriving downtown filled with unique shops, over 20 restaurants, two microbreweries, a nationally accredited art gallery, its own symphony orchestra, and two community theatres.  At the end of a fun night out in Salisbury, peaceful Spencer is just a stone's throw away. Four local colleges support higher-education in the heart of the community: Rowan-Cabarrus Community College, Catawba College, Hood Theological Seminary, and just down the road is Pfeiffer University.

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While this home is definitely a handy-man or handy-ma'am special ~ houses like 412 Jordan Avenue are being snatched up left and right in this crazy real estate market. Don't let this one slip through your fingers! Call Realtor Greg Rapp, the area's expert on vintage houses - whether diamonds in the crown or diamonds in the rough - to learn more about this creative opportunity: 704.213.6846.

 

412 Jordan Avenue
Spencer, NC 28159-1640
CMLS#3854725
$105,000

Greg Rapp 
Salisbury Real Estate LLC 
704 213 6846 Mobile 
GregRappRealtor@gmail.com 
www.realestatesalisbury.net