Unimproved Commercial at 505 S Yadkin Avenue, Spencer
Unimproved Commercial at 505 S Yadkin Avenue, Spencer, photo 2 of 2
2 photos

$50,000

505 S Yadkin Avenue
Spencer, NC 28159
Listed by Clement Little · Howard Hanna Allen Tate Winston Salem
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Year built
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About this home

Prime Commercial Development Opportunity in the Heart of Downtown Spencer! Located in the vibrant Spencer Business District, this high-visibility property offers unmatched potential for growth and investment. Just steps away from popular attractions like the NC Transportation Museum and the NC Museum of Dolls, Toys & Miniatures, it’s perfectly positioned to benefit from steady foot traffic and tourism. Spencer is a thriving small town on the rise, focused on smart business development and community revitalization. A brand-new Downtown Park is currently under construction, bringing even more excitement and foot traffic to the area. Outbuilding does not convey. With quick access to the I-85 corridor, this location offers convenience and connectivity that’s hard to beat. Don’t miss your chance to be part of Spencer’s next chapter!

Property details

MLS
Canopy MLS
MLS #
CAR4247682
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
453
On market date
April 16, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
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Parking spaces
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Lot size
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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
North Rowan Elementary
1.04 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
400
Student:teacher ratio
12.9:1
District
Rowan-Salisbury Schools
Middle
North Rowan Middle
1.04 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
476
Student:teacher ratio
15.4:1
District
Rowan-Salisbury Schools
High
North Rowan High
0.69 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
559
Student:teacher ratio
14.7:1
District
Rowan-Salisbury Schools

Walkability

Blended score for Spencer'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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

64
Walkable
out of 100
EPA National Walkability Index
9.3 / 20 -- Below average walkable
Google Places amenity density
90 / 100
Restaurants & cafes10
Grocery stores5
Parks9
Schools4
Transit stops20
Pharmacies1

Mortgage calculator

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Est. monthly payment
$451/mo
$10,000 down
$40,000 loan
Principal & interest$259
Property tax (est.)$42
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 15, 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.