www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29996923
29996895

131 E Innes St, Salisbury, NC 28144 For Sale

AH
NC 318643
Coldwell Banker Commercial Realty
Coldwell Banker Commercial Realty
Listed by Coldwell Banker Commercial Realty
$2,000,000
144 days on market
Updated 51 days ago
Opportunity zone

The Hardiman Building

Details
APN 010-5526
Property Type Office, Retail
Sub Type Executive Office, Restaurant (+1)
Square Footage 20,000
Units 18
Tenancy Multi
Price per SqFt $100
Class B
Year Built 1925
Buildings 1
Stories 4
Acreage 0.110
Zoning DMX

Iconic Corner Building with a Premier Downtown Location

Marketing description

The Hardiman Building presents a rare opportunity to acquire a fully renovated historic mixed-use investment property located in the heart of Downtown Salisbury’s premier retail corridor. Situated prominently on the corner of East Innes Street, the city’s primary commercial and pedestrian thoroughfare, the property benefits from strong visibility, consistent foot traffic, and proximity to Salisbury’s most established restaurants, boutiques, and local businesses.

Originally constructed with historic character and architectural significance, the building has undergone an extensive renovation totaling approximately $2 million in capital improvements, completed with approval from the Historic Salisbury Foundation. The result is a beautifully restored asset that blends historic charm with modern infrastructure and tenant functionality.

The ±20,000 square foot building spans 3 levels including a basement, featuring a diversified mix of retail and office tenants that provide immediate in-place cash flow. The first floor is anchored by a well-established restaurant tenant that has successfully operated in the location for over 10 years, benefiting from strong downtown demand and visibility along Innes Street.

Each level is separately metered, allowing for operational flexibility and efficient expense management. The property includes an elevator servicing multiple floors, enhancing accessibility and long-term tenant appeal.

With income, significant recent renovations, and a prime corner location within Salisbury’s revitalized downtown district, The Hardiman Building offers investors a turnkey historic asset with both stability and long-term upside potential.

Investment highlights

· Premier Downtown Location – Positioned on East Innes Street, Salisbury’s primary retail and dining corridor with strong pedestrian activity.

· Iconic Corner Building – Highly visible corner positioning providing excellent frontage and tenant exposure.

· Extensively Renovated Asset – Approximately $2 Million invested in renovations approved by the Historic Salisbury Foundation.

· Mixed-Use Income Producing Property – Diverse mix of retail and office tenants generating current cash flow.

· Long-Standing Restaurant Anchor – First-floor restaurant tenant operating successfully for over 10 years.

· 20,000 SF Across 3 Levels – Includes basement level offering flexible leasing opportunities.

· Separately Metered Utilities – Second & third floors, basement, and restaurant all separately metered.

· New HVAC System – Installed for restaurant space.

· Elevator Served Building – Enhances accessibility and tenant usability.

· Historic Downtown Appeal – Architectural character combined with modern improvements.

· Strong Downtown Revitalization Momentum – Located within Salisbury’s growing downtown district.

· Parcel ID 0105526

Listing Contacts

AH
NC 318643
Coldwell Banker Commercial Realty
Coldwell Banker Commercial Realty
Listed by Coldwell Banker Commercial Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Azeem Hassan
License
318643
Brokerage
Coldwell Banker
Brokerage Phone
(704) 541-5111
Title
Commercial Real Estate Broker
Brokerage Address
3440 Toringdon Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591