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107 Dorsett Drive, Salisbury, NC 28144-2285 For Sale

RJ
NC 187139
$396,000
3 days on market
Updated 3 days ago

107 Dorsett Drive

Details
APN 332A069; 332A068
Property Type Office
Sub Type Executive Office, Business
Square Footage 2,250
Units 2
Cap Rate 6.00%
NOI $22,407
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Year Built 1998
Buildings 1
Stories 1
Lot Size (SqFt) 2,711
Zoning RMX
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Ownership Seller owned for at least one year

100% leased 2250 sf

Marketing description

107 Dorsett Drive 107 Dorsett Drive, Salisbury, NC 28144 Position your portfolio for growth with this leased commercial office/business opportunity in the heart of Salisbury. Offered at $396,000, this well-located property sits on approximately 0.81 acres just off Statesville Boulevard, a key artery in the Salisbury market, surrounded by a strong mix of commercial and residential development. Built in 1998, the property benefits from excellent visibility and convenient access in an area where commercial use leads the market along major throughfares. Rowan County continues to attract attention from investors and businesses alike, driven by expanding infrastructure, utility availability, and significant economic growth. Adding to the area’s momentum, Rowan County has been selected for a major advanced manufacturing project supporting cloud and AI data center operations, with more than 1,180 new full-time jobs expected. With the property currently leased, this is an appealing opportunity for investors seeking income potential in a market with strong long-term upside. Secure a strategic asset in one of the region’s growing commercial corridors.

The neighborhood is located in City of Salisbury, Situated in an area of mostly commercial and residential development. Commercial use is the predominate use along the main throughfares with residential use along secondary roads. The condo is located off of Statesville Blvd. a main artery in the Salisbury market. Rowan County is experiencing exceptional growth in commercial and residential homes. A global manufacturing solutions provider has selected Rowan County for a new advanced manufacturing facility that will support cloud and Al data center. The project is expected to employee 1,181 new full-time employees. Many investors continue to look at Rowan County because of the utilities available for growth. Property is currently leased.

The property is an office condo built in 1998 and has been upfitted by a new tenant in 2019. The floors consist of concrete slab with carpet, and LVT in all areas. The flooring at the front entrance consists of ceramic tile. The condo is brick and has its own private parking area. The condo is 2,250 square feet; The property has good ingress/egress and public water and sewer located on site. Subject property is not located in a FEMA flood zone. The space is great for any type of accounting firm, attorney firm and medical office space. Property is currently leased.

Investment highlights

Listing Contacts

RJ
NC 187139

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$22,407.00
$1,867.25/mo

Valuation Metrics

0
DSCR
5.66%
Cap Rate
5.66%
ROI

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Additional Information

Name
Rebecca Jones
License
187139
Brokerage
Jones Property Management & Realty, Inc.
Brokerage Phone
704.857.7355
Title
Broker of Record
Brokerage Address
6025 S. Main Street Salisbury NC 28147
Name
Rebecca Jones
License
187139
Brokerage
Jones Property Management & Realty, Inc.
Brokerage Phone
704-857-7355
Title
Broker/Owner
Brokerage Address
South Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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