110 S Park Ter - Medical FOR SALE


Eden, NC 27288
$1,400,000 USD
734-325-1416
110 S Park Ter, Eden, NC for Sale
$1,400,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

110 S Park Ter
Eden, NC 27288


HIGHLIGHTS

  • 110 S Park Terrace is a 14,500-square-foot medical office with refined elements like exposed wood, suspended lighting, and floor-to-ceiling windows.
  • Features a fully finished upper level and a half-finished lower level, flexible for a range of uses from professional office to fitness or rehab.
  • Approximately 35% leased to a subspecialty medical tenant on a short-term basis, providing immediate income during build-outs or move-ins.
  • Situated on a lush 1.63-acre lot with roadside signage along Highway 311, seen by an estimated 23,841 vehicles per day on average.
  • Positioned less than five minutes from the UNC Health Rockingham Medical Center, an ideal location for healthcare-related users.

OVERVIEW

110 S Park Terrace presents the opportunity for owner/users or investors to acquire a multifaceted medical office building with in-place income and ample value-add potential. This unique facility totals approximately 14,500 square feet with 13,236 square feet of rentable building area across two floors. It is situated on a 1.63-acre corner lot enlivened by lush landscaping with a stately monument sign along the road. The upper level is fully finished and features a private office layout with a signature vaulted wood ceiling area illuminated by floor-to-ceiling windows and a skylight. The lower level is half finished with a layout ideal for health care, musculoskeletal rehab, or fitness use. New buyers will be supplemented by immediate income from a subspecialty medical tenant that occupies about 35% of the facility. Located on Eden’s primary commercial corridor and minutes from the city center, 110 S Park Terrace’s central location is advantageous for a wide range of uses. The site receives ample organic co-traffic from nearby establishments, including Food Lion, Walmart Supercenter, multiple hotels, and dozens of eclectic restaurants. One of the market’s best-paying employers, UNC Health Rockingham, also has its major medical center only 1.5 miles up Highway 311. Additionally, the $450 million Nestlé Purina PetCare Co. plant, the largest investment in the county’s history, is 4.5 miles away. Eden and the broader Rockingham County market are largely anchored by the manufacturing sector, with retail and healthcare accounting for the remaining employment. Rockingham County’s economic development officials are highly motivated to incentivize more investment and foster growth for its existing businesses. For example, the office of Economic Development, Small Business, and Tourism awarded pandemic relief grants to 84 small businesses, which kept 82 of those open through the national crisis. Unemployment in the county has now fallen to 3.7% from a 14.5% high during the pandemic. Planned capital expenditure projects to fortify utility infrastructure for future large-scale developments, enhance public space, and upgrade public facilities, like the airport, are poised to support continued growth. These evolving market factors are set to benefit any future use of the property. Enter this dynamic area with a flexible asset by acquiring 110 S Park Terrace today.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

BG/ED

APN/PARCEL ID

141359

ASK ABOUT THIS PROPERTY

Colleen DebolskiOver The Rainbow 2More Info
734-325-1416

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Colleen DebolskiOver The Rainbow 2More Info
734-325-1416

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.