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Medical Office Condo For Sale
For Sale
$375,000

15 Cleveland Avenue, Martinsville, VA 24112

Well-maintained medical office condominium in a desirable location.

Property Size4,935 SF
Price / SF$75.99
Days on Market151

Property Features for 15 Cleveland Avenue

General Information

Standard status Active
Size 4,935 SF
Property subtype Healthcare
Listing Agency:
Listed By: Eric Williford, SIOR
Source: Cbre
Added: Mar 25 Changed: Aug 13 Last Checked: Aug 22 at 8:22AM

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 Eric Williford, SIOR

Investment Insights

Based on property information with market context.

This well-maintained medical office condominium presents an opportunity to establish or expand a practice. Located at 15 Cleveland Avenue in Martinsville, VA, within the Upper Martinsville submarket, the Class B, 1-story property offers approximately 4,935 square feet of space. The functional and versatile layout is suitable for various medical specialties.

Key Highlights

  • Highly desirable location at 15 Cleveland Avenue in Martinsville, VA
  • Approximately 4,935 SF of functional and versatile space
  • Perfect for a variety of medical specialties

Property Analytics

Current Use

Smoot Heidi a MD Physician O'Dell Phyllis Hospital Blankenship Dana Hospital Brewer Connie Hospital Dr. Cody Drake Physician

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,051
Businesses Nearby
Under-served
Demand for This Use

Demographics for 24112, VA

30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained medical office condominium in a desirable location.
Where is this medical office space located?
The property is located at 15 Cleveland Avenue Martinsville, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Highly desirable location at 15 Cleveland Avenue in Martinsville, VA; Approximately **4,935 SF of functional and versatile space**; Perfect for a variety of medical specialties
More about this property
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