Renovated Income-Producing Office
For Sale
$560,000
108 Franklin Street, Madison, NC 27025
Four renovated office suites in downtown Madison, NC, with guaranteed income.
Property SizeContact for details
Days on Market776
Property Features for 108 Franklin Street
General Information
Standard status
Active
Property subtype
Commercial
Amenities
City Lot
Building Details
Year Built
1974
Listing Agency:
CENTURY 21 TOTAL REAL ESTATE SOLUTIONS, LLC
(336) 887-4599
Listed By:
KIM MARTIN
(336) 451-0064
Source:
Corcoran
Added: Sep 5, 2024
Changed: Oct 11
Last Checked: Oct 19 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 TOTAL REAL ESTATE SOLUTIONS, LLC
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Investment Insights
Based on property information with market context.
This renovated building in downtown Madison, NC, presents an income-producing business investment opportunity. The property features four office suites, each currently rented for $1000 per month, generating a total monthly gross income of $4000. Renovations were completed in 2020, including interior remodeling and the installation of new heat pumps and central air conditioning. Each unit has a separate entrance and access to extra parking. Tenants are currently under a 3-year lease, ensuring a guaranteed income stream. The building is conveniently located within walking distance of local shops and restaurants and is approximately 2 miles from 220/I73. The property is intended for use as office space.
Key Highlights
- Guaranteed monthly gross income of $4000 from 4 rented office suites.
- Tenants have 3‑year leases in place.
- Renovated in 2020 with interior remodeling and new heat pumps/central air.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 27025, NC
10,769
Population
5,513
Households
2
Avg Household Size
47
Median Age
15%
College-Educated
83%
High-School Grad
97.7 sq mi
ZIP Area
110
Density / Sq Mi
$53,075
Median Household Income
$36,261
Median Earnings
$709
Median Rent
$168,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four renovated office suites in downtown Madison, NC, with guaranteed income.
Where is this office unit located?
The property is located at 108 Franklin Street 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: Guaranteed monthly gross income of $4000 from 4 rented office suites.; Tenants have 3‑year leases in place.; Renovated in 2020 with interior remodeling and new heat pumps/central air.
