106 E Murphy Street,Madison, NC 27025
Madison, NC 27025
Description
Updated multi-use investment property offering a reliable income stream and a strong rental history. This is a rare opportunity to own and shape the future of a historic property in the heart of Madison’s growing downtown area. Located within Madison’s Social/Entertainment District, local ordinances permit outdoor dining and drinking, creating excellent potential for a vibrant and inviting atmosphere. Zoned Madison Town Center, the property allows for a wide range of permitted uses. The building currently features an occupied commercial space on the main level along with three additional occupied residential apartments, providing immediate rental income.
Details
| MLS # | 1212245 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1935 |
| Days On Site | 162 |
| Listing Provided By | A New Dawn Realty, Inc | Kris Cayton |
Features
| SQ Feet | 5,100 |
|---|---|
| Story(s) | 3 |
| Zoning | TCDMD |
Utilities
| Sewer | Public Sewer |
|---|---|
| Gas | Available: On-Site |
Area Information
| State | NC |
|---|---|
| County | Rockingham |
| City | Madison |
| Zip Code | 27025 |
| Area | Rockingham |
| Listing VS Median (in 27025) | |
Price: $599,900 low | high Med: $314,000 sqft: 5,100 low | high Med: 1,616 $ / sqft: $118 low | high Med: $207 On site: 162 low | high Med: 33 | |
Market Activity 27025
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Learn More About This Property
| State | NC |
|---|---|
| County | Rockingham |
| City | Madison |
| Zip Code | 27025 |
| Area | Rockingham |
| Listing VS Median (in 27025) | |
Price: $599,900 low | high Med: $314,000 sqft: 5,100 low | high Med: 1,616 $ / sqft: $118 low | high Med: $207 On site: 162 low | high Med: 33 | |
This office is independently owned and operated. Coldwell Banker Real Estate LLC has no involvement in and does not endorse or otherwise sponsor Cartus or The Realty Alliance.
These companies are not affiliated with Coldwell Banker Real Estate, LLC and are independently operated from Howard Perry and Walston Realty, Inc. and Coldwell Banker Real Estate, LLC.