For Sale
$1,150,000

112 Houston StLexington, VA 24450

High-yield medical office complex near hospital.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a stabilized, multi-building medical office complex totaling 7,384 square feet situated on a 0.53-acre lot in Lexington, Virginia. The Class C property, offered at $1,150,000, boasts a 7.9% CAP rate and features a NNN lease structure across multiple tenancies. Strategically located adjacent to Carilion Rockbridge Community Hospital, this property benefits from high visibility and convenient access from Interstate 81. The complex is part of a medical park campus with shared parking, ensuring ample space for patients and staff. The strong demographics of the area, including a population exceeding 21,000 within a 15-minute radius and an average household income surpassing $84,000, contribute to the property's significant growth potential. Proximity to major institutions like Washington & Lee University (1,850+ students) and the Virginia Military Institute (1,520+ students) further enhances its appeal. The hospital alone employs over 265 people and receives over 4,500 visitors, creating a consistent stream of potential patients and clients. This presents a compelling investment opportunity for those seeking a stable, high-return asset in a thriving medical market. The two buildings are situated in Lexington County, VA, zip code 24450, and offer a unique blend of accessibility, location, and strong tenant occupancy.

Highlights

  • High-traffic location adjacent to Carilion Rockbridge Community Hospital (265+ employees, 4,500+ daily visitors).
  • Proximity to Washington & Lee University (1,850+ students) and Virginia Military Institute (1,520+ students).
  • Multi-building, triple-net (NNN) investment opportunity.
  • Convenient access to Interstate 81 (under 2.5 miles).
  • Located within a medical park campus featuring shared parking.

Property Details for 112 Houston St

Property type
Office properties, Medical offices
Class
C
Buildings
2
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Lexington
County
Lexington
State
Virginia
Latitude
37.77796332813
Longitude
-79.443585877779
112 Houston St, Lexington, Virginia

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112 Houston St
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