1947 Medical Ave

Highlights:

• Days on Market: 7
• Heating: Central, Heat Pump - Electric BackUp

Description:

Well-maintained 10,950 SF two-story brick medical office condominium currently leased to UVA Pediatrics, which has operated at this location for 10 years. The lease expires August 31, 2026, after which it converts to month-to-month until the tenant relocates. Under the NN lease, the tenant pays property taxes, insurance, and all repairs and maintenance except the roof. Constructed in 1998, this attractive property offers a highly functional layout featuring 20 exam rooms, 18offices, a conference room, 9 restrooms, multiple storage rooms, a kitchen/meeting room, 3 separate entrances, ample parking on a 1.02-acre site. The property is ideally located in a strong medical and retail corridor, surrounded by numerous national retailers and professional offices. It is situated just 0.5 miles from James Madison University and less than 2 miles from Sentara RMH Medical Center, making it a strategic location for continued medical or professional office use. Excellent opportunity for investors or future owner-users.

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Listing ID: 804622971500