605 Grove StSalisbury, NC 28144
- Healthcare properties
- 8,205 SF
Property Details for 605 Grove St
- Year built
- 1996
- Lot size
- 0.38 AC
- Property size (Sq ft)
- 8,205 SF
- Zone code
- B1
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 006 028
- APU
- 6028
Description
This exceptional two-story medical office building presents a unique investment opportunity in Salisbury, NC. Strategically located in the city's thriving medical corridor, just one block from Novant Health Rowan Medical Center, this property boasts unparalleled visibility and accessibility. The building comprises two distinct suites, each offering complete independence and functionality. The upper suite encompasses 4,688 square feet, while the lower suite provides 4,313 square feet of space. Each suite features its own private entrance, ample parking, a dedicated reception area, multiple offices, and several exam rooms. Furthermore, the suites are equipped with separate utility meters, providing efficient cost management for individual occupants. This configuration makes the building perfect for a single large medical practice seeking expansive space or for two separate practices looking for a collaborative yet independent environment. The property's prime location, coupled with its versatile layout and modern amenities, makes it an attractive proposition for a wide range of medical users, from orthopedics to urgent care facilities. The asking price is $1,500,000. This is a rare opportunity to acquire a well-established and highly visible medical office building in a rapidly growing area. Don't miss out on this exceptional investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $900,185
- 6.5%
- $830,940
- 7%
- $771,587
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,041,485
- Geo Method
- $1,389,435
-
Alternative Use
- Use
- Valuation
- Residential
- $1,030,365
- Hospitality
- $943,809
- Educational
- $785,238
- Medical
- $812,244
- Retail
- $1,221,482
Location Insight
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Latitude
- 35.6791
- Longitude
- -80.4723
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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