Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Medical Office Space

    308 E Centerview St, China Grove, NC 28023

    17,467 SF 3.16 ac lot Built 1996
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-1480253
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1996
    Total area 17,467 SF
    Lot 3.16 ac (137,650 SF)
    Zoning code OI:OFFICE INSTITUTIONAL
    APN 103 002
    UPID US53-1480253
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Purcell Kim P Employment Agency
    • Dr. Cheryl T. Navarro-Mcguinness, DO Pediatrician Physician
    • Alexander Waite Pediatrician Physician
    • Alexander Manson Waite Pediatrician Physician
    • Paige Carpenetti Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $740k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $860k
    Owner & transaction history
    Abundant Life Church International · 3 yrs held
    Abundant Life Church International
    since 2023
    Last sale
    $925,000
    3 recorded transactions
    2023
    2023
    $925,000
    2013
    $6,500
    Zoning & alternative use
    OI:OFFICE INSTITUTIONAL · China Grove, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message