This wonderful circa 1890 2-story commercial property, in its prime location along the 100 block of North Main Street in the center of this vibrant little downtown, offered so many opportunities on the street level - it's no wonder it got snatched up by a visionary developer! Once a drug store, - the opportunity to create a restaurant, bar, retail, or more on the street level was irresistible! The second story, largely unfinished, offered opportunities to create loft downtown living apartments, and Greg's buyer is doing just that!! And as if this amazing building did not have enough going for it, 126/128 N. Main Street comes with FIVE of its very own parking spaces in rear of building! Ask anyone in Salisbury about parking and you'll understand why this is SUCH a special attribute!
126/128 N Main Street - SOLD by Greg Rapp/Salisbury Real Estate LLC
125 S. Main Street - FOR SALE with Greg Rapp/Salisbury Real Estate LLC
So, you missed out on the gem on North Main Street . . . but hope is not lost!
AND . . . again . . . abundant parking conveys at the rear of the structure, a rare commodity downtown Salisbury!
You might have let one opportunity down the road escape you, so don't let this one slip through your fingers! The uses for this 4,743 square-foot building, with completely restored circa 1887 front facade, Class-A main floor retail space, and its blank-slate second story with its amazing arched windows are only bound by your imagination!
Two apartments could easily be developed in this space that has its own egress at the front and rear of the building. What else do you envision here? We'd love to hear!
126/128 N Main Street - SOLD by Greg Rapp/Salisbury Real Estate LLC
So, you missed out on the gem on North Main Street . . . but hope is not lost!
There is a similar opportunity just up the road ~ at 125 South Main Street in downtown Salisbury, North Carolina! And so similar that you'll hardly believe this opportunity to own a 2-story brick building in the heart of downtown Salisbury could be duplicated! Exterior lighting spotlights the array of the beautifully ornate front façade of this circa 1887 building with gorgeous arched windows flanking a larger center window. The current owners performed extensive renovations to restore the exterior 1800s grandeur.
The Class-A 1st floor retail space offers slat-wall interior, the original 1800s tin ceiling, carpeted floors, and mezzanine that overlooks the shop floor. Large display windows stream natural light. Large display windows stream natural light. What will YOU do with this space? The possibilities are endless: a back alley bar with a retail space upfront on Main? Let your imagination be your guide!
And again, just like its neighbor to the north, the upper story at 125 S. Main Street, accessed via its own private front entry and staircase, is where where you'll find a blank slate ready for conversion to residential living. Create one or two apartments here, and perhaps another downstairs! This wonderful centrally located building can easily accommodate 2-3 apartments.
There are more advantages here! Located in an Opportunity Zone, this downtown building is eligible for discounted capital gains tax, Historic Rehabilitation Tax Credits, & City of Salisbury facade grants.
[Opportunity Zone: A new program to attract investment capital created by federal tax legislation (Tax Cuts and Jobs Act (H.R.1) offers qualified investors certain tax benefits when they invest unrealized capital gains into these areas. https://salisburync.gov/Government/Community-Planning-Services/Grants-and-Incentives/Opportunity-Zones]
125 S. Main Street is located within downtown Salisbury's newly created "Social District", and is neighbored by unique shops, theaters, restaurants, breweries, nightlife, & the $13M Bell Tower Green city park. Located in the heart of downtown Salisbury's vibrant shopping zone, this building is just 1-mile from Interstate-85, and just blocks from the historic Amtrak station.
To learn more about 125 S. Main Street, call Greg Rapp with Salisbury Real Estate LLC: 704.213.6846 ~ let your imagination take over! Let the opportunities fill your sails!
125 S Main Street
Salisbury, NC 28144
CMLS#3889728
$599,000
Greg Rapp
Salisbury Real Estate LLC
704 213 6846 Mobile
GregRappRealtor@gmail.com
www.realestatesalisbury.net
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