Renovated Income-Producing Office
108 Franklin Street Madison, NC 27025
108 Franklin Street, Madison, NC, 27025
$560,000
For Sale
$560,000
Four renovated office suites in downtown Madison, NC, with guaranteed income.
Days on Market685
Property Features for 108 Franklin Street
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency
CENTURY 21 TOTAL REAL ESTATE SOLUTIONS, LLC
(336) 887-4599
Listed by
KIM MARTIN
Source
Corcoran
Added: Sep 5, 2024 Updated: Jul 6 at 10:03 am Checked: Jul 20 at 4:12 am
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
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
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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 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.
