$685,000
About this home
Price Reduction!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 & 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 endless.
Property details
- MLS
- Triad MLS
- MLS #
- 1229277
- Property type
- Remarks
- Subdivision
- N/A
- Status
- Active
- Days on market
- 68
- On market date
- July 31, 2026
- Stories
- 3
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 327
- Student:teacher ratio
- 14.9:1
- District
- Rockingham County Schools
- Enrollment
- 584
- Student:teacher ratio
- 15.8:1
- District
- Rockingham County Schools
- Enrollment
- 738
- Student:teacher ratio
- 16.0:1
- District
- Rockingham County Schools
Walkability
Blended score for Madison's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
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Data source: Listing information provided by Triad MLS via Trestle/CoreLogic. Last updated 14 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.