March 24, 2023

Circa 1896 Beaux Arts Building in Salisbury NC - SOLD by Salisbury Real Estate LLC


Realtor® Greg Rapp with Salisbury Real Estate has finalized this special opportunity to own a circa 1896 2-story Beaux Arts building in the historic Hedrick Block in downtown Salisbury, North Carolina and identified on the National Registry of Historic Places. Along a pretty tree-lined stretch of South Main Street in the heart of Salisbury's vibrant downtown commercial district, you'll find this attractive brick building with nearly 5,000 square feet of space and beautifully ornate front façade with arched windows, a decorative frieze and window pediment, bordered by beautiful rusticated granite pilasters. BUT . . . this opportunity has come and gone!


125 South Main Street in downtown Salisbury is SOLD by Greg Rapp / Salisbury Real Estate LLC!

A gift shop for the past fifteen years, this Class-A retail space at 125 S. Main Street offered a deep ground-level floor with slat-wall interior, soaring original tin ceilings, carpeted floors, and a mezzanine overlooking the shop. The front door is deeply inset between large display windows that stream natural light. A separate front door leads to a private staircase to the second story where you'll find a blank slate ready for conversion to residential living spaces. Here, a huge expanse of original wood floors reflect the light from the arched windows. And today 125 S. Main Street has new owners!


The sale of this amazing downtown building closed St. Patrick's Day, a fitting celebratory day!  

Are you looking for that amazing opportunity to own a building in Historic Downtown Salisbury?  Greg Rapp knows the historic market, both commercial and residential, and can guide you towards more opportunities.  Call Salisbury Real Estate LLC at 704.213.6846 to learn more! 

More info:

The downtown area in Salisbury is a designated Opportunity Zone, and many buildings here are eligible for discounted capital gains tax, Historic Rehabilitation Tax Credits, and City of Salisbury facade grants. Opportunity Zone identifies an area with access to a new program to attract investment capital, created by federal tax legislation (Tax Cuts and Jobs Act (H.R.1), that offers qualified investors certain tax benefits when they invest capital gains into these areas. 

Shops and businesses within Salisbury's Municipal Service District (MSD) are supported by Downtown Salisbury, Inc. ~ an accredited Main Street North Carolina organization. The Main Street NC program works to stimulate economic development within the context of historic preservation, using a comprehensive approach to downtown revitalization to assist communities across the country. The programs uses a 4-point comprehensive revitalization process designed to improve all aspects of a downtown that includes (1) Organization: Building partnerships and effective management; (2) Promotion: Reestablishing downtown as a compelling place for shoppers and investors; (3) Design: Enhancing the visual quality of the downtown; and (4) Economic Vitality: Strengthening the existing economic assets of the business district while diversifying its economic base.





Schedule your visit to Salisbury NC to see more opportunities!

This opportunity to host your business in your own historic building, and perhaps create your own live/work environment, in the center of a vibrant downtown, has come and gone . . . but that doesn't mean there aren't others! To schedule your visit and learn more, call Greg Rapp at 704.213.6846. Greg is the area's expert when it comes to vintage homes and buildings in Salisbury and surrounding Rowan County, and can help you with the ins-&-outs of owning a building in an historic district. Call today to make a vintage building in Downtown Salisbury yours!!





125 S. Main Street 
Salisbury, NC 28144
CMLS #3889728
SOLD ($500,000)








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










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Location: 125 S Main St, Salisbury, NC 28144, USA

March 21, 2023

Circa 1915 Spacious Solid Foursquare Needs Some Love - For Sale by Greg Rapp | Salisbury Real Estate LLC

This stately circa 1915 hybrid Prairie Foursquare home is looking for some love! Let Realtor® Greg Rapp with Salisbury Real Estate LLC show you this amazing opportunity to restore a vintage home with your special touch that makes it YOUR home!


What we love about 702 North Fulton Street:

• This circa 1915 home is built as solid as a rock! It's 2500+ square feet is designed with super-spacious rooms in a great layout! Granite steps lead to a fabulous veranda that spans the front of the home featuring the home's original rounded columns.

• 702 N. Fulton Street is located in the heart of the City Park neighborhood, a quiet neighborhood filled with vintage early 20th century homes, sidewalks, and pretty gardens ~ and is a stone's throw to both City Park and Hurley Park, two of Salisbury's most beautiful green spaces!

• This beautiful vintage home retains many of its original features. Original coal-burning fireplaces feature beautiful period correct mantels and Cambridge Tile fireplace surrounds, remarkably intact, all remain in foyer, living and dining rooms. There is even a fireplace in the kitchen! Original hardwood floors throughout will gleam again with a little elbow grease!





• The home offers many newer replacement windows, the original pocket doors between the spacious living and dining rooms, and original trim throughout.  The front door boasts its original sidelights.

• A grand foyer features one of he home's original fireplaces with its Arts & Crafts style mantel and pretty green tilework. The staircase winds up to the second story from here with its sturdy original balustrade and newel posts. A door here leads to an amazing tile-floored sunroom, also accessed via the kitchen.

• Speaking of kitchen . . . the space is huge with built-in cubbies for refrigerator and dishwasher, and a giant center work island. A laundry room off the kitchen leads to a large brick patio at the rear of the home that overlooks a deep back yard.





• Upstairs you'll find four pleasantly sized bedrooms, but the bathroom here is totally gutted....
Which brings us to . . . 
What needs some love at 702 North Fulton Street:

But it's all about potential, right?  And this home on its elevated corner lot is loaded with potential!!

The home has suffered over time and needs work, there is no doubt about it! Historic Salisbury Foundation, the local preservation organization that has saved over 120 endangered properties in the Salisbury/Rowan County area, is offering this grand home for sale and stabilization. So let's take a look: 
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• The upstairs bath will be a major overhaul, from-scratch project. The kitchen, though large, sunny and spacious, needs updating throughout.


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• There is AC on the second story only. Both upper and lower heating units are currently not functioning, but may be repairable.

• The piers underneath the home need attention. Some may need to be rebuilt or replaced and the floors need leveling.

• The rear yard, though generously deep and fenced in, needs grading work to steer water flow away from the home. A handsome brick patio was sadly installed incorrectly and will probably need to be removed to also alleviate the water intrusion under the house which is the cause of the pier issues.



As with all preservation projects offered by Historic Salisbury Foundation, 702 North Fulton Street will carry Historic Covenants and Restrictions. The Foundation will look to protect the fireplaces, mantels, staircase, original floors and woodwork/trim in this home. They do encourage newer, modern-living style bathrooms and kitchens so there is a lot of flexibility here. Realtors can find sample C&Rs in the document section of the MLS listing ~ or ask Realtor® Greg Rapp - who not only lives in his own historic house with C&Rs but is the area expert for vintage and historic properties and he can explain any intricacies.

With all that said, the potential for a return to grandeur is huge at 702 North Fulton Street. Such a solid house, great rooms, great location.  Want to see for yourself?  Call Greg Rapp, and we will walk you through this vintage historic home together for an honest and straightforward approach to this renovation project!  704.213.6846.

Salisbury Real Estate LLC:  Preserving history, one house at a time.

702 N Fulton Street
Salisbury, NC 28144
CMLS#4011887
$125,000









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








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Location: 702 N Fulton St, Salisbury, NC 28144, USA

March 19, 2023

What Would YOU Do with ALL THIS SPACE? Call Greg Rapp Realtor® to Learn More!

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 









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Location: 515 N Clay St, Salisbury, NC 28144, USA

March 14, 2023

Another Beautifully Restored Vintage Home SOLD ~ with Realtor® Greg Rapp & Salisbury Real Estate LLC

Cute as a button and completely refurbished ~ this adorable circa 1925 Arts & Crafts bungalow in Spencer, North Carolina is now home to NEW OWNERS ~ thanks to Realtor® Greg Rapp. 701 5th Street ~ SOLD by Salisbury Real Estate LLC!

A short drive down quiet 5th Street, just off the main corridor in downtown Spencer, leads to a neighborhood setting filled with vintage homes!

Handsomely located on its gently sloping, spacious corner lot with woods behind, this pretty 3-bedroom/2-bath vintage home had just undergone a complete refurbishment that included a totally NEW kitchen with quartz countertops, new flooring, new cabinetry, and fresh paint. Who could resist?!





The renovation to this 1,304 square-foot home respected many original details, such as the chair rail that encircles the living room, a delightful architectural feature synonymous with the Arts & Crafts era, and the charming fireplace mantel, likely original to the home.






This sweet home at 701 5th Street has found its new owners, but if you are looking for YOUR vintage home, complete with quality and character that newer homes cannot duplicate ~ give Realtor® Greg Rapp a call!  Specializing in vintage and historic properties, Greg has an ear to the ground and can find the home you have pictured in you mind's eye!  And his concentration on the Salisbury/Rowan County area - the City of Salisbury and its vibrant downtown with over 20 restaurants, unique shopping, and the Bell Tower Green central park, the Town of Spencer with its large historic district filled with beautiful vintage homes dating from the late 1800s through the 1930s, and more in this special area of central North Carolina, give him that extra in-depth community knowledge you'll miss from a 'big-box' real estate company.




So happy to have new owners in this sparkling charmer at 701 5th Street in Spencer, North Carolina in time to see the trees in Spring bloom! 

Call Realtor® Greg Rapp with Salisbury Real Estate to list YOUR home, or to buy your vision: Salisbury Real Estate LLC | Greg Rapp | 704 213 6846
701 5th Street
Spencer, North Carolina 28159
CMLS #3934616
SOLD















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








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Location: 701 5th St, Spencer, NC 28159, USA
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