For Sale
$560,000

108 Franklin StMadison, NC 27025

Income-producing, renovated office suites.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity awaits with this renovated 5,508 square foot office building located at 108 N Franklin St, Madison, NC 27025. Built in 1974 and extensively renovated in 2020, this single-story property boasts four individual office suites, each with its own separate entrance, currently leased at $1,000 per month, generating a gross monthly income of $4,000. Tenants are under a three-year lease, providing guaranteed income for the investor. The interior remodel included updated HVAC systems (heat pumps/central air). Ample parking is available for tenants and clients. The property is zoned TCDMD and enjoys a prime downtown location, within walking distance of local shops and restaurants. Its convenient proximity to I-73/220 (approximately 2 miles) further enhances its appeal. The asking price is $560,000. Private showings are available by appointment only

Highlights

  • Renovated 5,508 sq ft office building in Madison, NC.
  • Four individual office suites, each with a separate entrance, currently leased for $1,000/month each.
  • $4,000 gross monthly income from three-year leases.
  • Updated HVAC (heat pumps/central air) and ample parking.
  • Prime downtown location near I-73/220, zoned TCDMD.
  • Asking price: $560,000.

Property Details for 108 Franklin St

Property type
Office properties
Square Feet
5,508 SF
Year Built/Renovated
1974/2020
Stories
1
Units
4

Location Insight

City
Madison
County
Rockingham
State
North Carolina
Latitude
36.3881122
Longitude
-79.9614011
108 Franklin St, Madison, North Carolina

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108 Franklin St
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