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$ 750,000
Est. payment | /mo
$ 750,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1229277
HOA Y/N No
Year Built 1904
Property Sub-Type Remarks
Source Triad MLS
Property Description
Exceptional investment opportunity in the heart of Downtown Madison! This unique offering includes two side-by-side commercial buildings with leased businesses occupying the main-level storefronts. Both commercial spaces are fully leased, providing immediate rental income. The upper levels feat. expansive unfinished space ready for your vision. Renovate & convert into residential apartments, office suites, studios, or additional commercial space (subject to local zoning and approvals). With strong income already in place and significant value-add potential upstairs, this property offers an outstanding opportunity for investors looking to expand their portfolio or developers seeking their next project. Located in prime downtown location with excellent visibility & foot traffic, this property combines stable cash flow w/ tremendous upside. Whether you're looking to maximize rental income, create mixed-use spaces, or capitalize on future appreciation, the possibilities are truly endless.
Location
State NC
County Rockingham
Building
Lot Description City Lot
Story 3
Sewer Public Sewer
Water Public
Level or Stories 3
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Kim Martin • Century 21 Total Real Estate Solutions, LLC
Nearby Locations
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