Current Use by Public Records
- Commercial real estate
Property Details for 342/344 Maple Ave
- Year built
- 1953
- Lot size
- 0.11 lot acres
- Property type
- Commercial real estate
Description
This exceptional two-story brick building, situated on a 0.11-acre lot at the highly visible corner of Maple Avenue and Broad Street in downtown Burlington, NC, presents a compelling investment opportunity. The 11,104 square foot property currently houses three tenants, two with signed leases and one with a verbal agreement, all on month-to-month terms. This provides immediate cash flow potential with the opportunity to increase rental income through lease renewals and property improvements. While the building offers no dedicated parking spaces beyond the immediate front and side of the structure, ample public parking is conveniently located directly across the street, mitigating any potential parking concerns. The property is being sold "as is," and prospective buyers should anticipate the need for renovations and updates to maximize its potential. The building's prime downtown location, combined with its substantial size and existing tenancy, makes it an attractive proposition for investors seeking a strong return on investment. The corner location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. This is a chance to acquire a well-positioned property with significant upside potential in a thriving downtown area. Serious inquiries are encouraged.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Alamance
- State
- North Carolina
- Longitude
- -79.4811
- Latitude
- 36.0687
