Move-in Ready Medical
112 S Oak Street Cherryville, NC 28021
112 S Oak Street, Cherryville, NC, 28021
$849,000
For Sale
$849,000
Well-maintained medical facility in downtown Cherryville with ample parking.
Property Size4,150 SF
Price / SF$204.58
Days on Market277
Property Features for 112 S Oak Street
General Information
- Standard status
- Active
- Size
- 4,150 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency
VICKIE SPURLING REALTY INC
(704) 445-4888
Listed by
VICKIE SPURLING · License #164716
Source
Corcoran
Added: Oct 16, 2025 Checked: Jul 19 at 3:50 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VICKIE SPURLING REALTY INC
Investment Insights
Based on property information with market context.
This brick commercial building is currently configured as a medical facility, featuring a reception area, multiple exam rooms, office areas, room indicator lights, a staff lab, and work areas. Located in downtown Cherryville, the property benefits from a highly accessible location with low traffic. It is situated 15 to 20 minutes from Lincolnton, Shelby, Bessemer City, and Dallas, 30 minutes from Gastonia, and within 40 minutes of the Charlotte airport. The 4,150 square foot building includes 12 exam rooms, each equipped with a handwash sink, as well as several private office areas. There is a room set up for x-ray purposes with a darkroom, two public restrooms, and a private bathroom with a shower, a reception area, and a waiting room. A concrete private parking lot provides approximately 17 spaces, including 2 fully handicapped spaces. The rear/side of the building features a delivery and pickup area with a ramp. The facility has been well maintained and is in move-in-ready condition.
Key Highlights
- Move‑in‑ready commercial building, ideal for a medical facility.
- Located in downtown Cherryville with high accessibility.
- Features 12 exam rooms with handwash sinks, x‑ray room with darkroom, and multiple office areas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.1k | $26.04 |
| − Vacancy | −$11.0k | −$2.66 |
| EGI | $97.0k | $23.38 |
| − OpEx | −$24.3k | −$5.85 |
| NOI | $72.8k | $17.54 |
4,150 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$909.8K – $1.21M
NOI $72,782 @ 7.0% cap · market cap 8.57%
Second Best
Healthcare Medical
$825.7K
$722.5K – $963.3K
NOI $57,800 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,433 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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Similar Off Market Nearby
- Turner Animal Clinic — 600 W Church St Suite C, Cherryville, NC 28021
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical facility in downtown Cherryville with ample parking.
Where is this medical office space located?
The property is located at 112 S Oak Street Cherryville, NC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Move‑in‑ready commercial building, ideal for a medical facility.; Located in downtown Cherryville with high accessibility.; Features 12 exam rooms with handwash sinks, x‑ray room with darkroom, and multiple office areas.
