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108 Franklin St Madison, NC 27025

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For Sale
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Four renovated office suites in downtown Madison, NC, with guaranteed income.

Property Features for 108 Franklin St

General Information

Standard status
Active

Building Details

Year built
1974

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Listing Contact
Kim Martin
Source: Corcoran

Listing Agency: CENTURY 21 TOTAL REAL ESTATE SOLUTIONS, LLC Listing Agent: Kim Martin

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

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Overview

Renovated Income-Producing Office Suites

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.
Location Intelligence

Current Use by Public Records

Office Units

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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City
Madison
County
Rockingham
State
North Carolina
Longitude
-79.961377
Latitude
36.388083

FAQs

What type of property is this?
Office units - Four renovated office suites in downtown Madison, NC, with guaranteed income.
Where is this office units located?
The property is located at 108 Franklin St Madison, NC.
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.
More about this property
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