20 Ellsworth St Martinsville, VA 24112-2812
This exceptional Class A office building, located at 20 Ellsworth Street in Martinsville, Virginia, presents a unique owner-user opportunity. Boasting 3,948 square feet of versatile space, this single-story building features eleven offices, two conference rooms, a well-equipped break room with cabinets, sink, refrigerator, and sitting area, and three bathrooms (including a handicap-accessible option). Recently renovated in 2020 and 2023, the property includes new flooring and fresh interior paint. Ample parking is available for twelve vehicles, with convenient handicap access via a rear ramp. Situated on a 0.27-acre lot, the building is zoned C-UB, allowing for diverse uses such as medical, legal, insurance, or shared workspace. The property is currently vacant and offered at $395,000 under a gross lease structure. While under contract with a contingency clause expiring January 18, 2025, the seller is actively seeking backup offers from qualified buyers. This is a fee-simple ownership opportunity in the thriving Uptown Martinsville business district.
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Epic Health Partners Crisis Center Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-UB · Martinsville, VAMartinsville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.