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$450,000
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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
- Sold For: $450,000
- Status: Closed
- Type: Commercial
- Source: Triad_MLS
- MLS ID: 1197171
- Added to Site: 332 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 and Sold 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 ATTOM Data Solutions 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
8/21/2026
Sold
$450,000
-9.82%
MLS
9/27/2025
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
111 Sunset Avenue, Asheboro, NC 27203 (MLS# 1197171) is a Commercial property that was sold at $450,000 on August 21, 2026. 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.

