111 Sunset Avenue, Asheboro, NC 27203 | MLS #1197171 | Tyler Redhead & McAlister
 
Listing provided courtesy of McKenzie Real Estate of NC LLCMLS# 1197171MLS Provider
  • 275 days on site
  • 12 views

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.

Source: Triad MLS, MLS#: 1197171

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Tyler Redhead & McAlister

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    34
  • Population Density
    992
  • College Educated
    23%
  • Estimated Median Income
    $36,512
  • Estimated Total Home Owners
    4,013
  • Estimated Total Renters
    4,842
  • Owner / Renter Divide
    45% / 55%
  • Estimated Average Household Size
    2
  • Total Population
    21,783
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/2/2026Source: Triad MLS Status Change
Due Diligence Period
9/27/2025Source: Triad MLS Added to Database
September 27, 2025
6/20/2022Source: Triad MLS Added to Database
August 13, 2021
6/20/2022Source: Triad MLS Added to Database
August 13, 2021