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INVESTMENT HIGHLIGHTS
- Former Rowan Medical facility, that can be subdivided into separate practices.
- Ample on-site parking with 3.83/1,000 SF ratio.
- Ideal for investors or owner-users seeking flexibility.
- Zoned OI, supporting a wide range of office uses.
- Positioned in a growing Rowan County submarket.
EXECUTIVE SUMMARY
Major Price Reduction Positioned in the heart of China Grove, North Carolina, 308 E Centerview St presents a compelling opportunity for investors or owner-users seeking a well-maintained, single-story medical or office facility. Originally constructed in 1996 and formerly home to Rowan Medical, this 19,576-square-foot Class B building sits on a generous 3.89-acre parcel, offering both scale and flexibility in a suburban setting.
The property’s layout is conducive to subdivision, making it ideal for multi-tenant conversion or continued single-tenant use. With a parking ratio of 3.83 spaces per 1,000 square feet, it easily accommodates high-traffic medical or professional office operations. Zoned OI (Office Institutional), the site supports a wide range of professional, medical, and administrative uses.
Strategically located just off US-29 and minutes from I-85, the site offers excellent regional connectivity to Charlotte, Concord, and Salisbury. The surrounding area is a mix of residential neighborhoods and commercial corridors, providing a built-in client and employee base. A Walk Score of 53 indicates moderate walkability, with nearby amenities accessible by foot or short drive.
Whether repositioned for multi-tenant occupancy or retained for a single user, this asset offers strong fundamentals, flexible use potential, and a location poised for continued growth in Rowan County.
The seller may consider some owner financing as in secondary lien.
The property’s layout is conducive to subdivision, making it ideal for multi-tenant conversion or continued single-tenant use. With a parking ratio of 3.83 spaces per 1,000 square feet, it easily accommodates high-traffic medical or professional office operations. Zoned OI (Office Institutional), the site supports a wide range of professional, medical, and administrative uses.
Strategically located just off US-29 and minutes from I-85, the site offers excellent regional connectivity to Charlotte, Concord, and Salisbury. The surrounding area is a mix of residential neighborhoods and commercial corridors, providing a built-in client and employee base. A Walk Score of 53 indicates moderate walkability, with nearby amenities accessible by foot or short drive.
Whether repositioned for multi-tenant occupancy or retained for a single user, this asset offers strong fundamentals, flexible use potential, and a location poised for continued growth in Rowan County.
The seller may consider some owner financing as in secondary lien.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
19,576 SF
Building Class
C
Year Built
1996
Price
$2,700,000
Price Per SF
$137.92
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,576 SF
Building FAR
0.12
Lot Size
3.89 AC
Opportunity Zone
Yes
Zoning
OI - Office Institutional
Parking
75 Spaces (3.83 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Concierge
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
3,721
14,843
40,794
2024 Population
3,941
15,556
42,569
Population Growth '20-'24
5.9%
4.8%
4.4%
2020 Households
1,482
5,832
15,439
2024 Households
1,573
6,119
16,137
Household Growth '20-'24
6.1%
4.9%
4.5%
Average Age
40
41
40
Median Household Income
$43,650
$53,901
$57,328
Daytime Employees
1,453
3,803
8,753
Total Businesses
196
519
1,119
College Degree + Higher
19%
18%
17%
PROPERTY TAXES
| Parcel Number | 103-002 | Improvements Assessment | $2,148,832 |
| Land Assessment | $568,800 | Total Assessment | $2,717,632 |
PROPERTY TAXES
Parcel Number
103-002
Land Assessment
$568,800
Improvements Assessment
$2,148,832
Total Assessment
$2,717,632
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308 E Centerview St
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