110 S Park Ter 13,236 SF 35% Leased Office Building Eden, NC 27288 $1,400,000 ($105.77/SF)

110 S Park Terrace presents the opportunity for owner/users or investors to acquire a multifaceted medical office building with in-place income and ample value-add potential.

This unique facility totals approximately 14,500 square feet with 13,236 square feet of rentable building area across two floors. It is situated on a 1.63-acre corner lot enlivened by lush landscaping with a stately monument sign along the road. The upper level is fully finished and features a private office layout with a signature vaulted wood ceiling area illuminated by floor-to-ceiling windows and a skylight. The lower level is half finished with a layout ideal for health care, musculoskeletal rehab, or fitness use. New buyers will be supplemented by immediate income from a subspecialty medical tenant that occupies about 35% of the facility.

Located on Eden’s primary commercial corridor and minutes from the city center, 110 S Park Terrace’s central location is advantageous for a wide range of uses. The site receives ample organic co-traffic from nearby establishments, including Food Lion, Walmart Supercenter, multiple hotels, and dozens of eclectic restaurants. One of the market’s best-paying employers, UNC Health Rockingham, also has its major medical center only 1.5 miles up Highway 311. Additionally, the $450 million Nestlé Purina PetCare Co. plant, the largest investment in the county’s history, is 4.5 miles away.

Eden and the broader Rockingham County market are largely anchored by the manufacturing sector, with retail and healthcare accounting for the remaining employment. Rockingham County’s economic development officials are highly motivated to incentivize more investment and foster growth for its existing businesses. For example, the office of Economic Development, Small Business, and Tourism awarded pandemic relief grants to 84 small businesses, which kept 82 of those open through the national crisis. Unemployment in the county has now fallen to 3.7% from a 14.5% high during the pandemic. Planned capital expenditure projects to fortify utility infrastructure for future large-scale developments, enhance public space, and upgrade public facilities, like the airport, are poised to support continued growth.

These evolving market factors are set to benefit any future use of the property. Enter this dynamic area with a flexible asset by acquiring 110 S Park Terrace today.