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106 E Murphy 5,100 SF 100% Leased Retail Building Madison, NC 27025 $599,900 ($117.63/SF)
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,100 SF
Building Class
C
Year Built
1935
Price
$599,900
Price Per SF
$117.63
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Zoning
Madison District
Parking
4 Spaces (0.78 Spaces per 1,000 SF Leased)
Frontage
68’ on E Murphy St
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $353,991 | |
| Land Assessment | $40,614 | Total Assessment | $394,605 |
Property Taxes
Parcel Numbers
Land Assessment
$40,614
Improvements Assessment
$353,991
Total Assessment
$394,605
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106 E Murphy
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