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111 Sunset Ave 3,875 SF 100% Leased Office Building Asheboro, NC 27203 $499,000 ($128.77/SF)
EXECUTIVE SUMMARY
Prime Investment Opportunity in Downtown Asheboro! Secure a strong income-producing property in the heart of Asheboro’s vibrant downtown that has been renovated top to bottom. This 3,875 sq ft two-story building on sought-after Sunset Avenue is fully leased with two established tenants — one on the main level and one upstairs. Both tenants are under modified gross leases, providing consistent rental income while keeping ownership expenses manageable. The property benefits from excellent visibility, steady foot traffic, and close proximity to downtown dining, shopping, and attractions, making it an ideal long-term hold. Brand new HVAC in 2024 and meticulous updates with stable tenants already in place- investors can step into immediate cash flow and future appreciation potential in this prime location. Don’t miss your chance to add a proven downtown asset to your portfolio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,875 SF
Building Class
C
Year Built
1921
Price
$499,000
Price Per SF
$128.77
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,938 SF
Slab To Slab
12’
Building FAR
1.11
Lot Size
0.08 AC
Zoning
B3 - B3: Central Business District – To accommodate a mixture of commercial, governmental, administrative, office, and service uses within the traditional
AMENITIES
- 24 Hour Access
- Central Heating
- High Ceilings
- Open-Plan
- Drop Ceiling
- Air Conditioning
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 7751-82-0469 | Improvements Assessment | $2,859,740 |
| Land Assessment | $427,450 | Total Assessment | $3,287,190 |
PROPERTY TAXES
Parcel Number
7751-82-0469
Land Assessment
$427,450
Improvements Assessment
$2,859,740
Total Assessment
$3,287,190
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111 Sunset Ave
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