Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    108 Franklin St Madison, NC 27025

    Sponsored
    For Sale
    $560,000

    High-Yield, Downtown Madison Office Suites

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional income-producing property at 108 Franklin Street in Madison, NC, presents a compelling investment opportunity. The fully renovated building boasts four individual office suites, each currently leased at $1,000 per month, generating a substantial gross monthly income of $4,000. Extensive renovations were completed in 2020, encompassing a complete interior remodel and the installation of new, high-efficiency heat pumps and central air conditioning systems. Each suite offers a private entrance for tenant convenience, and ample parking is available. The building benefits from a strong tenant base, secured by three-year leases, ensuring a guaranteed income stream for the foreseeable future. Its prime downtown location places it within easy walking distance of a variety of shops and restaurants, enhancing its appeal and potential for future growth. The property's strategic positioning is further emphasized by its proximity to major transportation routes, being approximately two miles from the intersection of US-220 and I-73. This turnkey investment offers a rare blend of immediate income generation, modern amenities, and a highly desirable location. Private showings are available by appointment only

    Property Features for 108 Franklin St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.96138
    Latitude
    36.38809

    Nearby Comparable

    • $560,000
      5,508 SF

      Madison NC Specialty Property

      Specialty property available for sale in Madison, North Carolina.
      108 N Franklin St, Madison, NC 27025
      View Details
    • $560,000
      5,508 SF

      Downtown Madison Office Building

      Income-producing, renovated office suites.
      108 Franklin St, Madison, NC 27025
      View Details
    • $750,000

      Downtown Madison Investment Opportunity

      Renovated apartments and retail space in downtown Madison, North Carolina.
      118 W Murphy St, Madison, NC 27025
      View Details
    • $225,000

      107 Murphy St, Madison, NC 27025

      Retail properties
      107 Murphy St, Madison, NC 27025
      View Details
    • $296,000
      2.00 Acres

      Madison Retail Lot - Hwy 311 Frontage

      Prime Retail Land, Hwy 311 Access, Ready to Build
      Us Highway 311, Madison, NC 27025
      View Details
    • $39,000

      Commercial Lot in Growing Area

      Prime commercial lot with high visibility and easy access.
      Arthur Dr, Madison, NC 27025
      View Details
    • $219,500
      3,928 SF

      3.29 Acre Mixed-Use Property

      Sprawling property with commercial building, residential rentals, and gas tanks.
      854 Nc-770, Mayodan, NC
      View Details
    • Contact for pricing

      Commercial Lot in Downtown Mayodan

      Cleared commercial lot near shopping and Mayo River.
      111 S 2Nd Ave, Mayodan, NC 27027
      View Details
    • $599,000

      Mayodan Investment Opportunity

      Mixed-use property with commercial and residential income potential in Mayodan.
      207-213 W Main St, Mayodan, NC 27027
      View Details
    • $599,000
      9,442 SF

      Mayodan Mixed-Use Investment Opportunity

      Income-producing property with commercial and residential units in Mayodan, NC.
      207 W Main St, Mayodan, NC 27027
      View Details

    Nearby Similar for Sale

    • $850,000

      High-Visibility Commercial/Residential Property

      Commercial and residential property with high visibility and traffic.
      3656 Us Highway 220, Madison, NC 27025
      View Details
    • $750,000

      Downtown Madison Investment Opportunity

      Renovated apartments and retail space in downtown Madison, North Carolina.
      118 W Murphy St, Madison, NC 27025
      View Details
    • $560,000
      5,508 SF

      Madison NC Specialty Property

      Specialty property available for sale in Madison, North Carolina.
      108 N Franklin St, Madison, NC 27025
      View Details
    • $296,000
      2.00 Acres

      Madison Retail Lot - Hwy 311 Frontage

      Prime Retail Land, Hwy 311 Access, Ready to Build
      Us Highway 311, Madison, NC 27025
      View Details
    • $560,000
      5,508 SF

      Downtown Madison Office Building

      Income-producing, renovated office suites.
      108 Franklin St, Madison, NC 27025
      View Details
    • $225,000

      107 Murphy St, Madison, NC 27025

      Retail properties
      107 Murphy St, Madison, NC 27025
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - High-Yield, Downtown Madison Office Suites
    Where is this office property / space located?
    The property is located at 108 Franklin St Madison, NC.
    What is the asking price?
    The asking price for this property is $560,000.
    (336) 887-4599
    Request Owner's contact information
    108 Franklin St Madison, NC 27025
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Franklin St
    Madison, NC 27025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Franklin St Madison, NC 27025
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.