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507 W Innes St 22,021 SF 91% Leased Office Building Salisbury, NC 28144 $3,759,388 CAD ($170.72 CAD/SF)

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Investment Highlights

  • Extensive 2025 interior renovations include architectural "cloud" ceilings, premium LVT flooring, and energy-efficient LED upgrades
  • Anchored by "Essential Service" users including Medical, Education (Charter School), and Financial services, providing a needed in-office workforce.
  • Strategically located on Salisbury’s "Main-and-Main" thoroughfare with prominent monument signage and high daily traffic counts.
  • While the building is nearing stabilization, a final 1,942 SF vacancy remains. Leasing this remaining space is projected to be completed by 2027
  • The offering includes a 19,424 SF professional hub and a rare 2,525 SF stand-alone annex (529 W Innes), offering great flexibility

Executive Summary

507 W Innes St represents a premier investment opportunity featuring a ±21,949 SF professional campus in the heart of Salisbury’s primary commercial corridor. Following a strategic transition year in 2025—during which ownership executed a comprehensive interior modernization program—the asset has been successfully repositioned and is now on an accelerated path to full stabilization. With a projected NOI of $192,905 in 2026 and a surge in 2027, this campus offers a defensive acquisition basis significantly below current replacement costs. There is also room to add additional TICAM reimbursements to increase the NOI further.
2025 served as a pivotal year for the asset, where significant capital was deployed to modernize the tenant experience. During a period of intentional vacancy, ownership installed new flooring, fresh professional paint, and LED lighting retrofit. This investment has already paid dividends; the campus has experienced rapid leasing momentum, successfully transitioning from a period of higher vacancy to a robust, essential-service tenant roster.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
22,021 SF
Building Class
B
Year Built/Renovated
1960/2025
Price
$3,759,388 CAD
Price Per SF
$170.72 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,011 SF
Building FAR
0.31
Lot Size
1.64 AC
Zoning
RMX - Commercial
Parking
84 Spaces (3.81 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Signage
  • Monument Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Bayside CPR
  • -
  • 99,999 SF
  • -
  • -
  • -
  • Brighter Beginnings
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • -
  • -
  • Edwards Jones
  • Finance and Insurance
  • 99,999 SF
  • -
  • -
  • -
  • Essie Academy
  • Educational Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • It's About You, Inc.
  • Real Estate
  • 99,999 SF
  • -
  • -
  • -
  • John Boyd & Associates, Llc
  • -
  • 99,999 SF
  • -
  • -
  • -
  • NC Downtowner
  • Transportation and Warehousing
  • 99,999 SF
  • -
  • -
  • -
  • Promises Connected
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • -
  • -
  • Purple Heart Health Care, Inc.
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • -
  • -
  • Sentinel Group Six LLC
  • -
  • 99,999 SF
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Bayside CPR - 99,999 SF - - -
Brighter Beginnings Health Care and Social Assistance 99,999 SF - - -
Edwards Jones Finance and Insurance 99,999 SF - - -
Essie Academy Educational Services 99,999 SF - Lorem Ipsum Jan 0000
It's About You, Inc. Real Estate 99,999 SF - - -
John Boyd & Associates, Llc - 99,999 SF - - -
NC Downtowner Transportation and Warehousing 99,999 SF - - -
Promises Connected Health Care and Social Assistance 99,999 SF - - -
Purple Heart Health Care, Inc. Health Care and Social Assistance 99,999 SF - - -
Sentinel Group Six LLC - 99,999 SF - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 235
  • 1,393 SF
  • Office
  • Partial Build-Out
  • Now

Looking for a professional office that’s the right size and ready today? Suite 235 offers 1,393 SF with a smart, efficient layout designed for productivity. Located on the second floor with elevator access, this suite includes: -Welcoming lobby/reception area -Private offices for focus and client meetings -Immediate availability – start operating right away Need more room? Suite 235 can be combined with Suite 230 for a total of 2,333 SF, giving your business flexibility to expand without relocating. This professional office building offers on-site parking, a polished setting, and a location just steps from Salisbury’s downtown restaurants, courthouse, and business core.

  • 2nd Fl-Ste 250
  • 549 SF
  • Office
  • Partial Build-Out
  • Now

Position your business in one of Salisbury’s most well-maintained and accessible professional buildings. Suite 250 offers 550 SF of clean, efficient office space located on the second floor with convenient elevator access. Perfect for solo practitioners, remote teams, or satellite offices, this suite provides a quiet and professional environment in a central location near Downtown Salisbury.space has new floors and paint and is ready to move in!

  • 2nd Fl-Ste 280
  • 1,167 SF
  • Office
  • Full Build-Out
  • Mar 2026

Located at 507 West Innes Street, this 1,167 SF professional office suite offers an exceptional opportunity for businesses seeking high visibility and a turnkey layout. The interior features a sophisticated foyer and reception area anchored by a custom stone-accent wall and built-in desk, perfect for a welcoming client experience. The versatile floor plan includes five private offices, including a spacious executive suite and a specialized rear office equipped with extensive built-in workstations and integrated overhead lighting. Additionally, the suite provides a dedicated kitchen and workroom area with ample cabinetry, ensuring staff efficiency and convenience. With prominent monument signage on a high-traffic corridor and a competitive rate of $13.00/SF plus $3.50/SF TICAM, this suite is ideally positioned for a professional firm looking to establish a presence in Salisbury.

Space Size Space Use Condition Available
2nd Fl-Ste 235 1,393 SF Office Partial Build-Out Now
2nd Fl-Ste 250 549 SF Office Partial Build-Out Now
2nd Fl-Ste 280 1,167 SF Office Full Build-Out Mar 2026

2nd Fl-Ste 235

Size
1,393 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 250

Size
549 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 280

Size
1,167 SF
Space Use
Office
Condition
Full Build-Out
Available
Mar 2026

2nd Fl-Ste 235

Size 1,393 SF
Space Use Office
Condition Partial Build-Out
Available Now

Looking for a professional office that’s the right size and ready today? Suite 235 offers 1,393 SF with a smart, efficient layout designed for productivity. Located on the second floor with elevator access, this suite includes: -Welcoming lobby/reception area -Private offices for focus and client meetings -Immediate availability – start operating right away Need more room? Suite 235 can be combined with Suite 230 for a total of 2,333 SF, giving your business flexibility to expand without relocating. This professional office building offers on-site parking, a polished setting, and a location just steps from Salisbury’s downtown restaurants, courthouse, and business core.

2nd Fl-Ste 250

Size 549 SF
Space Use Office
Condition Partial Build-Out
Available Now

Position your business in one of Salisbury’s most well-maintained and accessible professional buildings. Suite 250 offers 550 SF of clean, efficient office space located on the second floor with convenient elevator access. Perfect for solo practitioners, remote teams, or satellite offices, this suite provides a quiet and professional environment in a central location near Downtown Salisbury.space has new floors and paint and is ready to move in!

2nd Fl-Ste 280

Size 1,167 SF
Space Use Office
Condition Full Build-Out
Available Mar 2026

Located at 507 West Innes Street, this 1,167 SF professional office suite offers an exceptional opportunity for businesses seeking high visibility and a turnkey layout. The interior features a sophisticated foyer and reception area anchored by a custom stone-accent wall and built-in desk, perfect for a welcoming client experience. The versatile floor plan includes five private offices, including a spacious executive suite and a specialized rear office equipped with extensive built-in workstations and integrated overhead lighting. Additionally, the suite provides a dedicated kitchen and workroom area with ample cabinetry, ensuring staff efficiency and convenience. With prominent monument signage on a high-traffic corridor and a competitive rate of $13.00/SF plus $3.50/SF TICAM, this suite is ideally positioned for a professional firm looking to establish a presence in Salisbury.

Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
010-461
Land Assessment
$863,964 CAD
Improvements Assessment
$1,200,039 CAD
Total Assessment
$2,064,003 CAD
  • Listing ID: 39626116

  • Date on Market: 2026-03-02

  • Last Updated:

  • Address: 507 W Innes St, Salisbury, NC 28144

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