Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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