700 Sunset Ave - Medical FOR SALE


Asheboro, NC 27203
$1,200,000 USD
704-228-1116
700 Sunset Ave, Asheboro, NC for Sale
$1,200,000 USD
Medical - FOR SALE
1/16
null | Request Cap Rate

700 Sunset Ave
Asheboro, NC 27203


HIGHLIGHTS

  • Floor Plan - The building has 4 doctors' offices, 9 exam rooms, 5 administrative offices, operating room, recovery room, break room, nurse's office.
  • Ideal Owner/User Opportunity - This is a great opportunity for a user to come in and utilize the space to suit their own practice needs.
  • Strong Location- The property is located 1 mile away from the Randolph Health Hospital and is located in a medical corridor.
  • Capital Expenditures - The building has been maintained with care over the years; the roof was replaced in 2017 and is under warranty.
  • HVAC's have been replaced as needed and have undergone routine maintenance. Parking lot repaired, resurfaced and striped within the last two years.

OVERVIEW

Positioned in the heart of Asheboro’s medical corridor, 700 Sunset Avenue offers a rare opportunity to acquire or lease a highly functional, 7,300-square-foot medical office building. Located just one mile from Randolph Health Hospital, this property is ideally situated among a cluster of complementary healthcare facilities, making it a strategic choice for a growing practice or a healthcare-related business. Asheboro, the largest city in Randolph County and part of the dynamic Piedmont Triad region, provides strong regional connectivity via U.S. Routes 64 and 220 as well as Interstates 73 and 74. Built in 1995 and well-maintained over the years, the property sits on 1.16 acres and features a flexible, purpose-built floor plan that includes four physicians’ offices, nine exam rooms, an operating room, a recovery room, five administrative offices, a nurse’s office, and a comfortable waiting and reception area. Supporting amenities such as a break room and ample file or storage space enhance its operational efficiency. Recent capital improvements include a new roof installed in 2017 (under warranty), regularly serviced HVAC systems, and a fully repaired, resurfaced, and striped parking lot—reducing future capital outlay for an incoming user. The site includes 42 surface parking spaces, offering a strong parking ratio of 5.75 spaces per 1,000 square feet—ideal for high-volume patient flow or staff-intensive uses. Zoned OA6, the property is suitable for a wide range of medical or office-based operations. Offered at $1,200,000 ($164.38/SF) or available for lease with negotiable terms, 700 Sunset Avenue represents an excellent turnkey opportunity for healthcare providers seeking a presence in a well-established market with solid demographics and regional accessibility.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

OA6 OFFICE

APN/PARCEL ID

7751-53-3033

ASK ABOUT THIS PROPERTY

Paul TimmonsFranklin StreetMore Info
704-228-1116

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

Paul TimmonsFranklin StreetMore Info
704-228-1116

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