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
1/4
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

Two-building investment property in the idyllic college town of Lexington, Virginia. Property features a two-tenant medical office building constructed in 1994, located in a planned development with other medical office 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 investment offers stability and diversification.

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 VA 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

0.51 AC

LAND SF

22,208 SF

ZONING

RLC

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 Policy.