Retail at 115 W Innes Street, Salisbury
Retail at 115 W Innes Street, Salisbury, photo 2 of 17
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Cheerwine festival event - 115 W Innes Street, Salisbury
Cheerwine festival event - 115 W Innes Street, Salisbury
Retail at 115 W Innes Street, Salisbury, photo 7 of 17
Retail at 115 W Innes Street, Salisbury, photo 8 of 17
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Retail at 115 W Innes Street, Salisbury, photo 17 of 17
17 photos

$725,000

115 W Innes Street
Salisbury, NC 28144
Listed by Richard Yates · Yates Realty Inc
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

EXCELLENT OPPORTUNITY: This beautiful historic building is in the heart of downtown Salisbury & is located just over from the $12 Million Bell Tower Park (www.belltowergreen.com) & town square. This is a key location for retail & entertainment. It is an excellent opportunity to develop the 2nd-floor level into 4 luxury apartments with common storage areas & workspaces. The 1st-floor & 2nd-floor levels have incredible historic character, including massive solid wood beams, massive wood columns, large windows, exposed brick & hardwood floors. The Bell Tower Park expects 100+ events/year & the town of Salisbury plans special events throughout the year. This 12,920 SF building is in the opportunity zone and qualifies for NC state and federal tax credits for historic renovations! The city offers incentives and grants for improvements of historic buildings located in downtown. Excellent exposure and high visibility on West Innes Street. This property is available for sale, or lease.

Property details

MLS
Canopy MLS
MLS #
CAR4420025
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
11
On market date
August 31, 2026
Stories
2
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
3.29 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
1.35 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
2.13 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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

69
Walkable
out of 100
EPA National Walkability Index
11.0 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores2
Parks17
Schools4
Transit stops20
Pharmacies2

Market position

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

On the market 11 days -- 87 fewer days than Salisbury's current average of 98 days.
For reference, the median list price across 580 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
$4,516/mo
$145,000 down
$580,000 loan
Principal & interest$3,762
Property tax (est.)$604
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated September 11, 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.