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Historic (Former) Motor Company Building

119 5th Street, Spencer, NC 28159, USA
$14,900

Description

Great opportunity with redevelopment happening just across the street in Spencer’s Park Plaza! Click here to read more about the Park Plaza development in the Salisbury Post.

Join the revitalization of one of NC’s most walkable small town Main Streets! The historic (former) Motor Company Building (locally known as the Spencer Theatre) was built around 1919 and is located in the heart of Spencer’s National Register District (click here to see the National Register nomination). It is waiting on a renewed purpose and is an easy walk to nearby shops, adjoining historic neighborhoods, churches, the library and parks. The NC Transportation Museum is within view!

Area Information

Spencer offers the many pleasantries and amenities of a small village atmosphere, yet it is within easy access to I-85 and larger nearby urban centers such as Charlotte (45 minutes), Winston-Salem (45 minutes), Greensboro(one hour), and Lexington (30 minutes). An Amtrak station is just 3 miles away in  Salisbury. Nearby attractions include the North Carolina Transportation Museum, Wil-Cox Pedestrian Bridge, and historic downtown Salisbury. Also nearby are several parks, including Dan Nicholas Park and Stanback Forest(also known as Spencer Woods), a 56-acre natural area with walking trails.

Architectural and Historical Information

Priced below tax value, this one story brick commercial structure with low gable front roof and stepped parapet façade was built ca. 1919 and is located in a block that is experiencing a renaissance of music-related businesses and there is plenty of on-street angled parking. Spencer’s unique alley system offers some interesting opportunities for developing this property.

The interior features highly distinctive Art Deco light fixtures, the original projection room and is laid out in a flexible way that offers many potential uses. It would make a great performance space to complement the growing music industry, an arts and crafts venue, a restaurant, or mixed use with retail and apartments. The floor plan makes for an easy transition to multiple possible uses.

The building will need a complete rehab including significant roof work, new electric, plumbing and HVAC systems as well as extensive interior rehab. It may be eligible for the  North Carolina Department of Commerce’s Rehab Building program as well as business loan guarantees through the North Carolina Rural Center’s program.

Click here to view the floor plans for the (former) Motor Company Building

Click here to view the pdf brochure for the (former) Motor Company Building

Detail

  • Property ID
    206494
  • Square Footage
    7250 sqft
  • Lot Size
    0.17 acres
  • Icon
    Year Built
    1919

Updated on February 6, 2020 at 1:40 pm

Address

  • Address: 119 5th Street, Spencer, NC 28159, USA
  • City: Spencer
  • State/county: North Carolina
  • Zip/Postal Code: 28159
  • Country: United States

Contact Agent

Ted Alexander, Regional Director
  • Ted Alexander, Regional Director
  • Preservation North Carolina - Western Office
  • [email protected]
  • 704-482-3531
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