108 N Franklin St, Madison, NC 27025

Building Details

Year Built

1974

Listing office CENTURY 21 Total Real Estate Solutions k**@bigskyrealtyofmt.com Show Phone

Listing date Sep 9, 2024

Source Crexi

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Overview

This is an opportunity to acquire a fully leased, income-producing office property located in Downtown Madison, North Carolina. The renovated building features four individual office suites, each currently leased at $1,000 per month, generating a gross monthly income of $4,000. Renovations were completed in 2020 and include interior updates and new heat pumps/central air. Each suite offers a private entrance and access to additional parking. Tenants are secured with three-year leases. The property is located within short distance to downtown shops and restaurants and approximately 2 miles from US-220 / I-73. The property size is 5,600 square feet. This turnkey investment is suited for investors seeking immediate cash flow in a desirable downtown setting.

Suggested Use

Skin Care Clinic Daycare Center Grocery & Convenience Store HVAC Service Building Supply Electrical Service Storage Facility Computer & Electronic Repair Bakery Tech Support Center

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

Location Insight

• Map
• Local Demand

City

Madison

County

Rockingham

State

North Carolina

Longitude

-79.961377

Latitude

36.388083

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FAQs

What type of property is this?

Office building - Fully leased office building in Downtown Madison, generating stable income.

Where is this office building located?

The property is located at 108 N Franklin St Madison, NC.

What is the asking price?

The asking price for this property is $560,000.

What are key features of this property?

This property features: Fully leased, income‑producing office property generating $4,000 gross monthly income; Located in the heart of Downtown Madison, NC; Renovated in 2020 with interior updates and new heat pumps/central air