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108 Franklin St Madison, NC 27025

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For Sale
$560,000

High-Yield, Downtown Madison Office Suites

Property Features for 108 Franklin St

General Information

Property type
Office Properties & Spaces

Building Details

Year Built
1974

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Listing Contact
Kim Martin

Listing Agency: N/A Listing Agent: Kim Martin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Office Properties & Spaces

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

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

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.
More about this property
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