Klumac Square Office/ Retail Center

A rare opportunity to purchase a 100% occupied office park / retail center in Salisbury.​ The 4.35-acre site is located just 0.7 miles from Interstate I-85 with 394 feet of frontage on Klumac Rd.​ Eleven total units totaling 12,304 square feet are divided between (2) one-story brick buildings that we constructed in 1997.​ Zoned CMX with an array of potential uses.​ Mostly long-standing office, retail & medical tenants on flexible short-term leases.​ Current below-market rents provide substantial value-added opportunities for new ownership.​ Large level lot is conducive with excess land to the rear of the buildings.​ Paved asphalt parking lot with 66 spaces.​ HVAC and roofing improvements.​ Currently $135,600 in Gross Annual Income.​ This is part of a family-owned portfolio with multiple income-producing properties available for purchase in Salisbury.​ August 2024 appraisal available for review in Offering Memorandum.​ Partially located in a floodplain with no known flooding to ever affect the buildings.​

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  August 2024 Appraisal available to preview

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  Substantial value-add opportunity with below-market rents

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  Unit # is currently leased monthly by the owner/management at no cost

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  $135,600 Gross Income

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  $36,127.12 Annual Expenses (2024)