February 27, 2013

WANTED! Vision ~ Ambition ~ & Elbow Grease!!!

(Editor's Note 10/22/2014: This property is now listed at just $44,000!!!) 

FOR SALE > What once was a fine shop/warehouse with spacious parking to the front of the property, with a house and small horse barn nestled into the two acres behind it, is now in need of a buyer with vision . . . and a bit of ambition and elbow grease.  This 2.45-acre property at 1401 N. Long Street, along one of the busy Salisbury, North Carolina commercial corridors, is a two-parcel piece with a combined tax value of $177,259 ~ yet the asking price for this expanse of land and buildings is only $69,000.  The approximately 3100 sq. ft. brick/cinder-block shop/warehouse needs work including some roof and interior repair.

The home to the rear of the property was clearly once a beautiful dwelling but neglect and time have taken their toll.  The approximately 2500 sq. ft. house is in very rough condition, with floors falling through and leaking roof.  Yet, once back in the property where the home sits, one would never know that this property is located along well-traveled Long Street in Salisbury.  The property has a distinctly rural feel ~ the home removed from the bustle of the commercial world.  There is a small horse barn and pond on the property.  A buyer will have PLENTY of work to do to restore this home to livable condition, but the property is priced right at just $69,000 with this in mind.

1401 N. Long Street, Salisbury NC ~ $69,000
1401 N. Long Street is currently zoned UR8 (Urban Residential ) but its location along one of Salisbury's commercial corridors make it the perfect locale for a small business upstart.  Because of the condition of the buildings, no bank financing would be available ~ however there may be an opportunity for seller financing.  The property is being sold ‘AS-IS’ due to its condition.  Nevertheless . . . unquestionably . . .1401 N. Long Street could be a great place again for the right buyer!

Call Salisbury NC real estate agent Greg Rapp, at 704.213.6846, to check see if you are the right buyer for this potentially awesome property with awesome potential!


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