703 Hermitage Rd - Medical FOR SALE


Burlington, NC 27215
$475,000 USD
336-516-2458
703 Hermitage Rd, Burlington, NC for Sale
$475,000 USD
Medical - FOR SALE
1/2
null | Request Cap Rate

703 Hermitage Rd
Burlington, NC 27215


HIGHLIGHTS

  • Three-suite medical office layout ideal for multi-tenant use
  • Historical dental occupancy with one tenant still in practice
  • 18 on-site parking spaces support patient and staff access
  • Priced significantly below replacement cost at $475,000
  • Strong candidate for renovation or redevelopment
  • Located in a growing Burlington medical and residential corridor

OVERVIEW

703 Hermitage Rd presents a compelling opportunity for investors or owner-users seeking a well-located medical office asset in Burlington, NC. Built in 1967 and historically used for dental practices, the ±3,454 SF building is configured into three suites of approximately 1,100 SF each, offering flexible occupancy options for healthcare, wellness, or professional services. Currently, one tenant remains in limited practice, contributing $1,440 in monthly gross rent plus utilities. With two suites available and the property priced at just $475,000, this asset is positioned well below replacement cost, making it an attractive candidate for value-add investors or medical professionals looking to establish or expand their footprint. The site includes 18 dedicated parking spaces, a critical amenity for patient access and staff convenience. Its location in Burlington offers proximity to regional healthcare networks, residential neighborhoods, and commercial corridors, supporting both visibility and accessibility. Whether modernized for continued medical use or repositioned for broader office applications, the building’s layout and pricing provide a strong foundation for redevelopment. This property is represented by Bob Lewis, Broker & Shareholder, and Howard Hawks, Broker, both with NAI Piedmont Triad. [Hermitage...Sale Flyer]

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$138 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

1

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R OI

APN/PARCEL ID

123520

ASK ABOUT THIS PROPERTY

Howard HawksNAI Piedmont TriadMore Info
336-516-2458

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Howard HawksNAI Piedmont TriadMore Info
336-516-2458

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