308 Centerview St China Grove, NC 28023
- Medical offices
- 17,467 SF
- 3.16 lot acres
Current Use by Public Records
- Purcell Kim P / Nursing Agency
- Dr. Cheryl T. Navarro-Mcguinness, DO / Family Practice Physician
- Alexander Waite / Family Practice Physician
- Alexander Manson Waite / Family Practice Physician
- Paige Carpenetti / Physician Assistant
Property Details for 308 Centerview St
- Year built
- 1996
- Lot size
- 3.16 lot acres
- Property size
- 17,467 SF
- Zone code
- OI:OFFICE INSTITUTIONAL
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 103 002
- APU
- 103002
Description
This exceptional 19,576-square-foot medical office building, located at 308 E Centerview St in China Grove, North Carolina (zip code 28023), presents a unique investment opportunity. Built in 1996, this single-story, Class B building sits on a 3.16-acre lot and features 75 parking spaces. The property is zoned O-I and boasts a full brick veneer exterior. The interior is tastefully designed and offers a highly functional layout, easily adaptable to accommodate multiple medical practices. The expansive reception area presents a significant opportunity for expansion or repurposing as an event space. The seller has owned the property for less than a year. This former Novant Regional Medical Center offers significant potential for a variety of uses. The building's size and layout allow for the possibility of dividing the space into two or three separate practice areas, providing flexibility for future tenants or owners. The property's convenient location in Rowan County, North Carolina, offers easy access to major transportation routes and a thriving community. The asking price for this institutional-grade investment is $5,000,000. The Assessor's Parcel Number (APN) is 103002. This is a rare opportunity to acquire a well-maintained, versatile medical office building in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $990,000
- 6.5%
- $1,030,000
- 7%
- $910,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $915,000
- Geo Method
- $855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,000,000
- Retail
- $910,000
- Mixed-Use
- $875,000
- Hospitality
- $980,000
- Educational
- $920,000
- Residential Income
- $1,120,000
- Energy
- $915,000
- Income-Based Land
- $1,040,000
- Food Service
- $1,020,000
Location Insight
- Map
- Local Demand
- City
- China Grove
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.58
- Latitude
- 35.5687
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
