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Turn Key Medical Office Space
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445 Commonwealth Blvd E, Martinsville, VA 24112

4,200 SF medical office space for lease.

Space Size4,200 SF
Property Size8,400 SF
Days on Market1351

Property Features for 445 Commonwealth Blvd E

General Information

Standard status Active
Size 4,200 SF
Class A
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 8,400 SF
Year Built 1984
Tenancy Multiple

Spaces For Lease

at 445 Commonwealth Blvd E Contact us

Suite A - 4,200 sf Medical Office

Size
4,200 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: J & R Management
Listed By: Will Vaughn · License #VA 0225233601
Source: Crexi
Added: Nov 30, 2022 Changed: Aug 8 Last Checked: Aug 11 at 6:39AM

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 J & R Management

Investment Insights

Based on property information with market context.

This is a 4,200 square foot, one-story medical office space located on East Commonwealth Boulevard. The space was designed by Marshall Erdman and Associates, Inc. Features include built-in cabinets, abundant natural light, and ground-level access from a large private parking lot. The layout includes a reception desk area that seats six staff members, eight exam rooms, six private offices, an employee breakroom, four restrooms, and medical records shelving behind the reception area. The property is located one mile from Sovah Health - Martinsville Hospital. Neighboring businesses include Hooker Furnishings Corporation, Stateline Heart & Vascular, and Martinsville Center for Sight.

Key Highlights

  • Turn‑key 4,200 sf medical office space.
  • Designed by Marshall Erdman and Associates, Inc.
  • Eight exam rooms and six private offices.

Property Analytics

Current Use

Virginia Prosthetics & Orthotics Orthotics & Prosthetics Service Crossroads Treatment Center ... Medical Clinic Dr. Myron E. ... Pediatrician Ayokunle Dr-Fatade Health ... Pediatrician Commonwealth Family Physicians Medical Clinic

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair

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

Lease Details

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,160
Businesses Nearby
Balanced
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 - 4,200 SF medical office space for lease.
Where is this medical office space located?
The property is located at 445 Commonwealth Blvd E Martinsville, VA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Turn‑key 4,200 sf medical office space.; Designed by Marshall Erdman and Associates, Inc.; Eight exam rooms and six private offices.
(276) 632-5325 Call to check price and availability
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