112 Houston St - Medical FOR SALE


Lexington, VA 24450
$1,065,000 USD
540-314-1739
112 Houston St, Lexington, VA for Sale
$1,065,000 USD
Medical - FOR SALE
1/12
null | 7.25% Cap Rate

112 Houston St
Lexington, VA 24450


HIGHLIGHTS

  • Fully leased mixed use property
  • Modern two-tenant medical office building with immediate proximity to regional hospital
  • Strong leases in place in well-maintained building
  • Historic residential duplex with opportunity for further upfit or conversion to office use

OVERVIEW

Introducing an exceptional two-building investment opportunity in the idyllic college town of Lexington, Virginia. Property features a two-tenant, 7,384 SF medical office building constructed in 1994 and located in a planned development with other medical offices and Carilion Rockbridge Community Hospital. This building is fully leased to a well-established dental practice (Suite A) and to an oral surgery practice (Suite B). Also on the property is a residential duplex built around 1922. Both units are rented and professionally managed. This turnkey investment offers stability, diversification, and immediate returns. Do not miss the chance to capitalize on this high-demand market and secure a valuable asset in a sought-after location.

FOR SALE DETAILS

PRICE

$1,065,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lexington Medical Office/Investment Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

R-LC

APN/PARCEL ID

29-1-33A

ASK ABOUT THIS PROPERTY

Krista VannoyWaldvogel Commercial Properties, Inc.More Info
540-314-1739

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Krista VannoyWaldvogel Commercial Properties, Inc.More Info
540-314-1739

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