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Two-Story Medical Office Building
For Sale
Contact for pricing
Pending

315 Hospital Drive, Martinsville, VA 24112

Two-level medical facility with existing sports medicine use and additional professional or retail space.

Property Size25,934 SF
Days on Market42

Property Features for 315 Hospital Drive

General Information

Standard status Pending
Size 25,934 SF
Property subtype Office

Building Details

Buildings 1
Stories 2
Building Size 25,934 SF
Listing Agency: Berry Elliot Realtors
Listed By: Rod Berry · License #VA 0225043337
Source: Crexi
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 8:03PM

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 Berry Elliot Realtors

Investment Insights

Based on property information with market context.

The offering comprises a two-story medical office property at 315 Hospital Drive and includes 317 Hospital Drive. Each floor contains 12,667 square feet, with another 600 square feet of basement storage. The building is presently configured for sports medicine operations and includes 4,386 square feet that can accommodate medical professional or retail use.

Located in Martinsville, Virginia, the property provides a substantial medical-office footprint with additional storage and flexible space across the two included addresses. The existing sports medicine use and available professional or retail area support multiple potential occupancy configurations within the current improvements.

Key Highlights

  • 12,667 square feet on each of two floors
  • Additional 600 square feet of basement storage
  • Includes 315 Hospital Drive and 317 Hospital Drive

Property Analytics

Current Use

Free Medical Clinic Charitable Organization Perkins Medical Services Training Center Sprinkle Philip MD Physician Dr. Vishwanath N. ... Physician Rachner Thomas E ... Physician

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Electrical Service Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

993
Businesses Nearby
Well-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 - Two-level medical facility with existing sports medicine use and additional professional or retail space.
Where is this medical office space located?
The property is located at 315 Hospital Drive Martinsville, VA.
What are key features of this property?
This property features: 12,667 square feet on each of two floors; Additional 600 square feet of basement storage; Includes 315 Hospital Drive and 317 Hospital Drive
More about this property
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