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$499,000
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Property Description
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.
Full Property Details
Full Property Details for 111 Sunset Ave
General
- Price: $499,000
- Status: Active
- Type: Commercial
- Source: Triad_MLS
- MLS ID: 1197171
- Updated: 9/27/2025
- Added to Site: 111 day(s) ago
Location
- County: Randolph
- Driving Directions: Take E Salisbury St, Turn left onto N Fayetteville St, Turn right onto Sunset Ave, Destination will be on the left, Look for the purple sign
- City Limits: Yes
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Year Built: 1921
Lot Features
- Lot Features: City Lot
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Owner Sale
Listed by McKenzie Real Estate of NC LLC
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Schools
Schools serving 111 Sunset Ave
School District:Asheboro City Schools
| Name | Grades | Distance |
|---|---|---|
Donna L Loflin Elementary School 405 South Park Street, Asheboro, NC 27203 | K-5 | 0.4 mi |
South Asheboro Middle School 523 West Walker Avenue, Asheboro, NC 27203 | 6-8 | 1.2 mi |
Asheboro High School 1221 South Park Street, Asheboro, NC 27203 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 111 Sunset Ave
Date
Details
Price
Change
Source
9/27/2025
Listed
$499,000
78.21%
MLS
4/30/2020
Sold
$280,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 111 Sunset Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,125
—
$160,370
—
2024
$2,125
99%
$160,370
99%
2023
$1,068
-22%
$80,610
-15%
2022
$1,364
—
$94,620
—
2021
$1,364
28%
$94,620
28%
2020
$1,066
—
$73,970
—
2019
$1,066
-12%
$73,970
-11%
2018
$1,218
—
$83,020
—
2017
$1,218
—
$83,020
—
2016
$1,218
—
$83,015
—
2015
$1,220
2%
$83,015
—
2014
$1,191
36%
$83,015
23%
2013
$878
—
$67,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 111 Sunset Ave
111 Sunset Avenue, Asheboro, NC 27203 (MLS# 1197171) is a Commercial property with 0 bedrooms and 0 full bathrooms. 111 Sunset Avenue is currently listed for $499,000 and was received on September 27, 2025. Want to learn more about 111 Sunset Avenue? Do you have questions about finding other Commercial real estate for sale in Asheboro? You can browse all Asheboro real estate or contact a Coldwell Banker agent to request more information.

