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19970866
19970868

108 N Franklin St, Madison, NC 27025 For Sale

KM
NC 202186
CENTURY 21 Total Real Estate Solutions
Listed by CENTURY 21 Total Real Estate Solutions
$560,000
682 days on market
Updated 62 days ago

Income-Producing Office Investment | Downtown Madison, NC

Details
Property Type Office
Sub Type Traditional Office
Square Footage 5,600
Units 4
Occupancy 55%
Tenancy Multi
Lease Type Net
Lease Expiration 02/24/2026
Remaining Term 2
Lease Options 2 year option
Year Built 1974
Year Renovated 2020
Buildings 1
Stories 1
Lot Size (SqFt) 5,600
Zoning TCDMD
Ownership private
Sale Condition For sale by owner

Downtown Madison, NC

Marketing description

Income-Producing Office Investment | Downtown Madison, NC

Excellent opportunity to acquire a fully leased, income-producing office property in the heart of Downtown Madison. This renovated building features four individual office suites, each currently leased at $1,000 per month, generating a gross monthly income of $4,000.

Renovations were completed in 2020 and include interior updates and new heat pumps/central air, providing modern functionality and reduced capital expense for the next owner. Each suite offers a private entrance and access to additional parking, enhancing tenant appeal and retention.

Tenants are secured with three-year leases in place, providing stable, guaranteed income. The property is ideally located within short distance to downtown shops and restaurants and approximately 2 miles from US-220 / I-73, offering both convenience and strong accessibility.

This is a turnkey investment well suited for investors seeking immediate cash flow in a desirable downtown setting.

Private showings by appointment only. Please do not approach the property or disturb tenants.

Investment highlights

  1. Stabilized Income Stream – Fully leased with 4 office suites at $1,000/month each, producing $4,000 in gross monthly income.

  2. Long-Term Leases in PlaceThree-year leases provide predictable, guaranteed cash flow.

  3. Recent RenovationsUpdated in 2020, including interior improvements and new heat pumps/central air, reducing near-term capital expenses.

  4. Tenant-Friendly Design – Each suite features a private entrance and access to additional parking, supporting strong tenant retention.

  5. Prime Downtown Location – Situated in Downtown Madison, within walking distance to shops, dining, and local amenities.

  6. Excellent Accessibility – Conveniently located approximately 2 miles from US-220 / I-73, offering regional connectivity.

  7. Turnkey Investment – Ideal for investors seeking immediate cash flow with minimal management.

  8. Attractive Small-Balance Asset – Well-suited for private investors or 1031 exchange buyers targeting stable returns.

Listing Contacts

KM
NC 202186
CENTURY 21 Total Real Estate Solutions
Listed by CENTURY 21 Total Real Estate Solutions

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Additional Information

Name
Kim Martin
License
202186
Brokerage
Century 21 Total Real Estate Solutions LLC
Title
Real Estate Broker
Brokerage Address
2638 Willard Dairy Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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