642 S Shaver Street, Salisbury, NC 28144

$399,000

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Listing courtesy of Rentercasa Buyercasa LLC. cburke@rentercasa.com

List Price
$399,000
MLS#
4428352
Status
ACTIVE
Days on Market
15
Property Type
Commercial Sale
Distressed Property
Yes
Year Built
1930
Lot Size
188,179
Lot Size Area
4.32
County
Rowan
Special Conditions
Undisclosed

Property Description

Exceptional adaptive-reuse and redevelopment opportunity near Downtown Salisbury! Situated on approximately 4.32 acres, 642 S Shaver Street features an existing building of approximately 14,500 square feet with a unique former-school layout, multiple rooms, substantial interior space, and expansive grounds. This property presents an exciting opportunity for an investor, developer, nonprofit, faith-based organization, educational operator, or owner-user looking to reposition a distinctive asset. Potential concepts may include multifamily conversion, senior or supportive housing, educational or training space, community or nonprofit use, office/institutional use, event or assembly space, or other redevelopment opportunities, subject to zoning, approvals, and feasibility.javascript:__doPostBack('m_lbSubmit','') The property offers convenient access to Downtown Salisbury, major corridors, surrounding residential neighborhoods, and area amenities. With significant square footage and acreage already in place, this is an opportunity to create a transformative project rather than start from the ground up. Property is offered AS-IS and requires renovation. Buyer to independently verify zoning, permitted uses, utilities, square footage, acreage, building condition, code requirements, and redevelopment feasibility with the appropriate governmental authorities. Bring your vision and explore the possibilities at this one-of-a-kind Salisbury property.

Additional Information

Driveway
Concrete

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