Award-Winning Industrial Loft Living AND Turn-Key Air BnB ~ FOR SALE ~ with Salisbury Real Estate

A walk-in opportunity to LIVE/WORK in a 5000 sq ft dream industrial artists' loft in the center of vibrant downtown Salisbury!

120-B E. Innes Street in the heart of Historic Downtown Salisbury, North Carolina is FOR SALE with Realtor® Greg Rapp with Salisbury Real Estate. 

 

This centrally located condo is an artist-inspired brilliant adaptive reuse of a spacious industrial loft. Formerly the circa 1930s Flowers Bakery building, a pair of artists repurposed the historic bread factory in 2005 into an artist’s dream, 'EastSquare ArtWorks': a luxury spacious home, gallery space, and art studio, with works in varied mediums, including gourd art, painting, kiln-formed glass, and textile art. As the commercial bakery grew, so did the building.  An original bakery began in 1905 at N. Main Street.  As the business grew, the company built the long 2-story additions moving toward Lee Street in the 1930s - 1950s. Many of the original components in the space now are from that latter era.

'EastSquare ArtWorks' historical up-fit of the old bakery factory brought excitement and contemporary art and design to the historic beauty of downtown Salisbury. The first floor of the massive industrial building featured gallery and studio space, while the second floor houses the sophisticated urban loft the artists call home. The project received three awards for historic preservation, restoration, and adaptive reuse from the City of Salisbury and the State of North Carolina.  Historic Salisbury Foundation presented the artists with a Preservation Award in 2007, and the loft was featured in the Foundation's 2008 Annual Salisbury OctoberTour of Historic Homes.

Located in the heart of thriving Historic Downtown Salisbury, this 2nd-story loft condo is an unusually quiet downtown dwelling.  Up the private staircase at the entry and into the entry hall, you'll find a utility closet, laundry room, and coat closet. The tall orange metal lockers are the original lockers from the industrial bakery.  (A matching set is the yoga studio on the ground floor.)

To your left, immediately upon entry but tucked out of sight, the massive primary bedroom suite opens to an eye-popping expanse of private luxury. Painted and exposed brick walls encircle this large, airy room that has space for a king-sized bed, a spacious sitting area, stand-alone bath, a large vanity with dual sinks, walk-in shower, and huge walk-in closet. . . . all streaming with natural daylight from a surround of windows.

As you exit the hall, your next steps will stop you in your tracks as you enter into over 4,000 square feet of open-concept living space!  

Here, a huge swath of original hardwood floors, soaring ceilings, and loads of natural light greet you. In this sprawling open space, the owners created defined 'rooms': a luxurious living room space, an office, a central dining area, and a high-functioning, fully-equipped corner kitchen with a long dining table. Nearby, a porch swing hangs from the industrial rafters at a pair of French doors that open to overlook the historic center city. An industrial dolly houses a flat-screen television. Pops of color - vivid yellow I-beams, cherry-red sprinkler system, spot-lit art, an accent purple wall - delight the eye. The space, despite its industrial roots, is flowing, warm, and inviting, with the original maple floors and subtly handsome track lighting. 

 

Known during its artistic heyday as 'EastSquare ArtWorks', and more recently as the 'Artist Loft Air BnB' ~ 120 B E. Innes Street has been a working 5-star Air BnB since 2018 and is 'bed-and-breakfast' ready, offered fully-furnished and beautifully decorated with art, much of it original! There are *4-bedrooms, ready to go with sheets, quilts, and pillows, and bathrooms stocked with towels and amenities.  A library is stocked with books.  The kitchen is cook-ready. The sprawling space is an exquisitely decorated, flexible open-floor loft space. The furnishings, artwork, and library all convey!

Towards the back of this 2nd story paradise, a wide wooden ramp original to the building takes you to the artist's studio (formerly a 'yeast room' for the bakery) ~ a breathtaking open space with a skyrocketing ceiling, and a working overhead, garage-style door that opens to a Juliette balcony overlooking the rear alley. The walls here are the original vanilla-colored 1950s glazed block; underfoot, the glazed red brick floor is also original to the historic building.  The space offers an office nook,  art-wash sinks, plenty of storage and work surfaces, and a full bath (currently utilized as the guest bath for Air BnB guests).  

The pièce de résistance is the surrounding mezzanine level overlooking the art studio. The Air BnB's 4th bedroom is at the top of the staircase, with a catwalk leading to a small sitting area.  Again, natural light floods the area via a brigade of windows that overlooks the rooftop. 

Included in this amazing condo's space is a long 1000 sq ft unfinished room.  The current owners utilized the space as storage with plans to create gallery space, but for YOU, the future potential is limitless: remodel into an apartment, office, studio, or storage.

The condo additionally offers a ground-floor 500 sq ft garage that opens to the East Square municipal parking lot. The current owners used the garage as a workshop and gallery space.  The garage is wired for both 120V and 220V and features more of the handsome red brick flooring found in the art studio. There is access to a non-passenger freight elevator via a shared common space with the adjacent building (also part of the original Flowers Bakery site).  The raised loading dock at the building's exterior is at the freight elevator.

A rear alley accessed via N. Lee Street or E. Council Street provides additional parking and space for an urban garden or entertaining.  

This amazing opportunity to step right into a once-in-a-lifetime loft-living, business-owning opportunity is located in the HEART of Salisbury's thriving downtown, with unique shopping, restaurants, galleries, public library, theatre, and a popular award-winning microbrewery. A beautiful central park, the Bell Tower Green, is just two blocks away.  Many neighboring historic buildings also include residential components, creating a downtown neighborhood vibe. Need to get on the road? 120 E. Innes Street is two convenient blocks to Salisbury's landmark Amtrak Train Depot and within an hour's drive to either Charlotte or Greensboro airports.

Downtown Salisbury is one of ten historic districts listed with the National Register of Historic Places.  City of Salisbury Historic District Design Standards and the C.O.A. (Certificate of Appropriateness) process apply for exterior changes to the Flowers Bakery building.  Historic Preservation Grants may be available for exterior improvements.  This building is zoned DMX (Downtown Mixed Use), so it's up to YOU whether you choose to make this a residence, an event center, a bed-&-breakfast . . . the choices are yours.

Turn-key opportunities like this one in the heart of a vibrant downtown community don't come along every day!  To see this quality space in person, give Greg Rapp / Salisbury Real Estate a call:  704.213.6846.  Live your best life at 120 East Innes Street!

 

EastSquare ArtWorks / Artists Loft AirBnB
120 - Suite B East Innes Street
Salisbury, North Carolina 28144
MLS#4228909
$533,000

*Four Bedrooms = (1) primary suite; (1) loft bedroom mezzanine; (2) flex-space partitioned bedroom areas

Greg Rapp 
Salisbury Real Estate LLC 
704 213 6846 Mobile 
GregRappRealtor@gmail.com 
www.realestatesalisbury.net 

What Would YOU Do with ALL THIS SPACE? Call Greg Rapp Realtor® to Learn More!

In the heart of an old rail spur and historic mill village in Salisbury, North Carolina, Realtor Greg Rapp is offering a blank slate full of possibilities! Salisbury Real Estate LLC has just listed this wonderful corner lot with two large buildings that would make a fantastic micro-brewery, a gardening hardscape/landscape center and showroom, local coffee shop/restaurant, automotive service, or more....the possibilities are endless! Want to know more? Call Greg at 704.213.6846....and read more here!

Welcome to 515 N. Clay Street ~ the former location of the circa 1916 Rowan Canning Company: two spacious buildings on just under an acre on a corner lot with substantial parking!

Enter the 3312 square-foot white brick veneer and concrete block building (are you hearing low maintenance and heat/AC bills??) via an entrance vestibule that from there leads into a lobby area. One side of the building offers office space, two bathrooms, and three storage or additional office spaces. An impressive looking, approximately 1770 s.f. industrial-style open space with an attractive beamed ceiling with modern lighting and ceiling fans, and LOADS of natural daylight through an array of large double-insulated windows!  The most recent owner utilized this area as showroom space. This building's interior is stunning, clean, and up-to-date.

 

A pleasant covered porch to the side of the building, formerly a loading dock, creates a welcome break area. The building offers a new gas pack/central AC. This building could be subdivided into residential units - the possibilities are endless!  

A 2nd metal-clad, wood-frame building is approximately 30' x 150' (4500 sq ft) with miles of intact metal roof.  This was the site of the circa 1916 canning company.  The building has electric service but no water.  For the most part, this building is a wide open interior, but the current owner framed out a 30 x 30 area with a raised platform floor.  Near this building, three smaller utility sheds convey with the sale of the property.

515 N. Clay Street offers on-street parking as well as a substantial parking lot, and is entirely fenced-in. Both buildings can easily be divided to create even further opportunities. 

The Seller is willing to subdivide property, however no survey for subdivision has been done yet. The Seller will entertain selling the brick building for $395,000 and/or wood frame building for $150,000. If subdivided, the brick building will retain the sewer easement. There are some old monitoring wells in the parking lot, NCDENR has issued a No Further Action Letter in 2005, copy provided upon request. The wells remain or can be removed at the new owner's discretion.

Within the borders of North Carolina extending outward into a regional sphere, the railroad environment at Salisbury is well known both operationally and from a pictorial standpoint. Legions of railfans know the territory, the trains that operate, and the history of the region to varying degrees depending on age and depth of interest. It is at the epicenter of the Norfolk Southern presence in the state and one that is in a continual process of transformation as the railroad converts to a 21st century corridor. 

The East Franklin Street railroad spur, a rail line that is mostly buried in this neighborhood, is representative of a time when rail shippers were located away from the railroad mainline right of way yet utilized or required rail service. These industries were constructed during an era when zoning laws were non-existent or in the least, somewhat relaxed. In spite of the passage of the years, remains of the old East Franklin district still exist. At 515 N. Clay Street and nearby, a piece of the past is still visible. The old Diamond Cotton Mills building still stands where remains of the railroad can be seen. Running parallel to the street is the track that served the Diamond Mills (someone is currently refurbishing this sprawling set of buildings!) and continued across the road, through the property at Rowan Canning Company, and on to the historic Kesler Mill (now demolished). The track is encased in the asphalt where the spur crossed the street and passed along the Rowan Canning Company building that existed in 1922. The circa 1922 Sanborn map below shows the rail line and the elongated red wood structure. The brick/block building had not yet been erected. (Adapted from West Virginia and North Carolina Rails, Lost Salisbury by Dan Robie / wvncrails.org)

Records show the Rowan Canning Company as the 1916 deed-holder, and soon after, there were several deed transfers. The Salisbury School system owned the buildings from 1953 until 2018 when the current owner purchased the property.

The City of Salisbury offers an array of incentives that may apply to this property! 515 N. Clay Street is located in one of the city's designated 'Opportunity Zones', a new program with the potential to attract investment capital into specific areas of North Carolina created by federal tax legislation known as The Tax Cuts and Jobs Act (H.R.1). North Carolina Opportunity Zones offer qualified investors certain tax benefits when they invest unrealized capital gains into these areas, such as:

• Temporary tax deferral for capital gains reinvested in an Opportunity Fund
• Step-up in basis for capital gains reinvested in an Opportunity Fund
• Permanent exclusion from taxable income of long-term capital gains

There is additionally the Park Avenue Housing Rehabilitation Program, where residents who own property located within the Phase 1 Eligibility Area (see map) of the City of Salisbury’s Kesler Mill/Park Avenue Housing Rehabilitation Program may be eligible for financial assistance for exterior repairs and improvements, such as painting, roofing, porches, foundations, doors and windows, minor landscaping, and similar improvements. The property at 515 N. Clay Street may be eligible if it were converted to residential dwellings. To explore this opportunity, interested parties should contact Nicky Brown / (704) 216-2738 / nibrow@salisburync.gov with City of Salisbury Planning Department.

 

515 N. Clay Street is just a stone's throw from the Interstate-85 exchange in Salisbury, and just blocks from the large commercial area found there with big name entities such as Walmart, Starbucks, Panera Bread, Outback Restaurant, and more...yet nestled in a small historic commercial development at the fringe of the Park Ave/Kesler Mill historic neighborhoods and the heart of the once-thriving rail spur district.

Here is your chance to do something really special with this dual opportunity in this mixed use zoned neighborhood. Realtor® Greg Rapp with Salisbury Real Estate LLC can tell you more about this fantastic set of double buildings on this prime corner! Call 704.213.6846 to learn more!

515 N Clay Street
Salisbury, NC 28144
CMLS#3861639
$545,000

Greg Rapp 
Salisbury Real Estate LLC 
704 213 6846 Mobile 
GregRappRealtor@gmail.com 
www.realestatesalisbury.net 

Circa 1957 Mid-Century Modern Home - Needs the LOVE - FOR SALE!

Editor's Note 8/8/2022:  PRICE DROP!!  Now $100,000!

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *   

For the folks who LOVE Mid Century Modern architecture... and LOVE a roll-up-your-sleeves project ~ Realtor® Greg Rapp has got THE HOUSE for you!!  Call 704.213.6846 to learn more...and read on!

Welcome to 1514 Brenner Avenue in Salisbury, North Carolina ~ a single-story, 2-bedroom/1-bath circa 1952 brick Mid Century Modern ranch home.

No doubt about it...this home needs some TLC, but look with your mind's eye and you will see how absolutely COOL this house will be with the right rehabilitation. It has all the bones of the truly awesome Mid Century Modern homes, and retains many of the features of this style of architecture: An open living room with an almost floor-to-ceiling multi-paned window, beamed ceiling, and brick fireplace wall with a long brick hearth.

An open kitchen, albeit in pretty rustic shape,  overlooks the living room. Check out the brick interior walls (WOW Factor!!!). Restoration experts: This could easily be a 3-bedroom house if the enclosed car port were to be finished off.

This one needs a complete rehab: The home needs a roof, and there are some cracks in the brick work. The HVAC is in working condition in this all-electric home (clean energy!). 

Yes, 1514 Brenner Avenue needs work, but the bones are terrific as is the location on a shaded lot right across the street from Salisbury's beautiful Veterans Administration Hospital campus!

This is a cash or conventional loan only and an 'AS-IS' sale ~ and is priced accordingly with consideration for the work the home needs.

So Mid Century Modern aficionados ~ roll up your sleeves because this 1,270 square-foot home is waiting for the love! Call Greg Rapp at 704.213.6846 and let's go have a look!

1514 Brenner Avenue
Salisbury, North Carolina
CMLS #3889348
$110,000

$100,000

Greg Rapp 
Salisbury Real Estate LLC 
704 213 6846 Mobile 
GregRappRealtor@gmail.com 
www.realestatesalisbury.net