Special Purpose at 642 S Shaver Street, Salisbury
1 photo

$399,000

642 S Shaver Street
Salisbury, NC 28144
Listed by Courtenay Burke · Rentercasa Buyercasa LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1930

About this home

Exceptional adaptive-reuse and redevelopment opportunity near Downtown Salisbury! Situated on approximately 4.32 acres, 642 S Shaver Street features an existing building of approximately 14,500 square feet with a unique former-school layout, multiple rooms, substantial interior space, and expansive grounds. This property presents an exciting opportunity for an investor, developer, nonprofit, faith-based organization, educational operator, or owner-user looking to reposition a distinctive asset. Potential concepts may include multifamily conversion, senior or supportive housing, educational or training space, community or nonprofit use, office/institutional use, event or assembly space, or other redevelopment opportunities, subject to zoning, approvals, and feasibility.javascript:__doPostBack('m_lbSubmit','') The property offers convenient access to Downtown Salisbury, major corridors, surrounding residential neighborhoods, and area amenities. With significant square footage and acreage already in place, this is an opportunity to create a transformative project rather than start from the ground up. Property is offered AS-IS and requires renovation. Buyer to independently verify zoning, permitted uses, utilities, square footage, acreage, building condition, code requirements, and redevelopment feasibility with the appropriate governmental authorities. Bring your vision and explore the possibilities at this one-of-a-kind Salisbury property.

Property details

MLS
Canopy MLS
MLS #
CAR4428352
Property type
Special Purpose
Subdivision
N/A
Status
Active
Days on market
8
On market date
September 17, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Koontz Elementary
2.76 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
478
Student:teacher ratio
12.6:1
District
Rowan-Salisbury Schools
Middle
Knox Middle
1.83 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
517
Student:teacher ratio
16.7:1
District
Rowan-Salisbury Schools
High
Rowan Co Early College
1.59 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
239
Student:teacher ratio
26.6:1
District
Rowan-Salisbury Schools

Walkability

Blended score for Salisbury's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

53
Somewhat walkable
out of 100
EPA National Walkability Index
10.5 / 20 -- Above average walkable

Market position

How this listing compares to current activity in Salisbury, from live MLS data.

On the market 8 days -- 89 fewer days than Salisbury's current average of 97 days.
For reference, the median list price across 593 active listings in Salisbury right now is $315,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,553/mo
$79,800 down
$319,200 loan
Principal & interest$2,070
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated September 25, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.