August 01, 2022

Circa 1896 Beaux Arts Building in Downtown Salisbury - FOR SALE!

UPDATE 9/1/2022:  Price is now $599,000!  

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Realtor® Greg Rapp with Salisbury Real Estate presents a special opportunity to own a circa 1896 2-story Beaux Arts building in the historic Hedrick Block and identified on the National Registry of Historic Places. Along a pretty tree-lined stretch of South Main Street in the heart of Salisbury's vibrant downtown commercial district, you'll find this attractive brick building with just under 5,000 square feet of space, and exterior lighting that spotlights the beautifully ornate front façade with arched windows, a decorative frieze and window pediment, bordered by beautiful rusticated granite pilasters.

Welcome to the prestigious Hedrick Block at 125 South Main Street in downtown Salisbury!

A gift shop for the past fifteen years, this Class-A retail space at 125 S. Main Street offers a deep ground-level floor with slat-wall interior, soaring original tin ceilings, carpeted floors, and a mezzanine overlooking the shop. The front door is deeply inset between large display windows that stream natural light. A separate front door leads to a private staircase to the second story where you'll find a blank slate ready for conversion to residential living spaces. Here, a huge expanse of original wood floors reflect the light from the arched windows. This story could easily accommodate two upper apartments with the potential for a third apartment located on the first floor rear of the building.  A second egress at the rear staircase brings you back down to the first floor.

The building offers the large front retail space, with two additional rooms for storage, office, or other at the rear.  The buildings single bathroom is additionally in the rear space.  

The rear staircase takes you up a half-level to where the mezzanine lies, and here, a small office is between the 1st and 2nd floors.

Abundant parking conveys at the rear of the building - a rare commodity in the downtown - and 2-hour on-street parking surrounds the block on Main Street and adjoining side streets. Located in an Opportunity Zone, 125 S. Main Street is eligible for discounted capital gains tax, Historic Rehabilitation Tax Credits, and City of Salisbury facade grants. Opportunity Zone identifies an area with access to a new program to attract investment capital, created by federal tax legislation (Tax Cuts and Jobs Act (H.R.1), that offers qualified investors certain tax benefits when they invest capital gains into these areas. 

Main Street, or US Highway 29, through the downtown district in Salisbury has just undergone Phase 1 of a new streetscaping project: The Downtown Main Street Plan.  Phase 2 planning is underway, creating an exciting and inviting streetscape for visitors, residents, and merchants alike. Many of the historic downtown buildings are experiencing a surge of development: The Bell Block Building (ca. 1898); Alley & Main (ca. 1890); Lofts on Innes (ca. 1882), The Bernhardt Luxury Lofts (ca. 1882), and more ~ all creating new residential opportunities here! You'll be right on trend when you purchase this charmer, loaded with potential, at 125 S. Main Street!

Shops and businesses within Salisbury's Municipal Service District (MSD) are supported by Downtown Salisbury, Inc. ~ an accredited Main Street North Carolina organization. The Main Street NC program works to stimulate economic development within the context of historic preservation, using a comprehensive approach to downtown revitalization to assist communities across the country. The programs uses a 4-point comprehensive revitalization process designed to improve all aspects of a downtown that includes (1) Organization: Building partnerships and effective management; (2) Promotion: Reestablishing downtown as a compelling place for shoppers and investors; (3) Design: Enhancing the visual quality of the downtown; and (4) Economic Vitality: Strengthening the existing economic assets of the business district while diversifying its economic base.

Location, Location!

Located just one mile from the I-85 exchange, within the downtown "Social District", and close to unique shops, theaters, restaurants, breweries, nightlife, and the beautiful $13M Bell Tower Green center-city park, this section of the downtown is a magnet for foot traffic attending plays at the nearby community theater, walking to shops, City of Salisbury offices, and other downtown attractions.

While the tax card indicates 125 S. Main Street was built in 1910, the National Registry of Historic Places for the Salisbury Historic District states the structure was built in 1887. The historic plaque for the Hedrick Block states the build date as 1896, perhaps from when the buildings were rehabilitated after a fire during that era.  The current owners performed extensive renovations in 2007-2008 to restore much of the 1800s grandeur that had been covered with aluminum siding when they purchased this historic building. The shop has been an iconic destination in the downtown, complete with rides on 'Champion', the mechanical coin-operated horse ride for children...always a favorite.

Schedule your exclusive private showing

This opportunity to host your business in your own historic building, and perhaps create your own live/work environment, in the center of a vibrant downtown doesn't come along every day. To schedule your private showing of this prestigious location, call listing agent Greg Rapp at 704.213.6846. Greg is the area's expert when it comes to vintage homes and buildings in Salisbury and surrounding Rowan County, and can help you with the ins-&-outs of owning a building in an historic district. Call today to make this building in the circa 1896 Hedrick Block  yours!!

125 S. Main Street 
Salisbury, NC 28144
CMLS #3889728
$625,000 $599,000

Greg Rapp 

Salisbury Real Estate LLC 
704 213 6846 Mobile 

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