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131 E Innes St
Salisbury, NC 28144
The Hardiman Building · Retail Property For Sale
Investment Highlights
- Premium Downtown Location
- New HVAC System
- Aprox $2,000,000 in renovations, which were approved by the Historic Salisbury Foundation
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
C
Year Built
1925
Price
$2,720,620 CAD
Price Per SF
$136.03 CAD
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
4.00
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
DMX
Parking
28 Spaces (2.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Controlled Access
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 010-5526 | Improvements Assessment | $558,467 CAD |
| Land Assessment | $122,700 CAD | Total Assessment | $681,167 CAD |
Property Taxes
Parcel Number
010-5526
Land Assessment
$122,700 CAD
Improvements Assessment
$558,467 CAD
Total Assessment
$681,167 CAD
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