Property summary
This exceptional 4,800 square foot medical office building in Elkin, North Carolina, presents a unique investment opportunity. Situated on 0.84 acres, this single-building property, constructed in 2005, is zoned MA-Medical Arts and offers easy access to Interstate 77 and US Highway 21. The building features two suites, currently fully vacant, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 2,400 square feet. One suite, approximately 1,710 square feet, has recently undergone a renovation transforming it from procedure and recovery rooms into four exam rooms, a break room, two offices, a lobby/reception area, two restrooms, and a blood collection/storage room. The property is less than half a mile from Hugh Chatham Memorial Hospital, providing convenient access for patients and staff. Its proximity to historic downtown Elkin and numerous residential neighborhoods adds to its appeal. The lease rate is $17.50 per square foot, with an additional $4.65 per square foot for taxes, insurance, and common area maintenance (TICAM). This is a triple net (NNN) lease, with a minimum lease term of three years. The property's strategic location, modern amenities, and recent renovations make it an ideal space for medical practices seeking a high-visibility location in a thriving community.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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