1505 Medical Center DR, Wilmington, NC 28401
1505 Medical Center DR, Wilmington, NC 28401
1505 Medical Center DR, Wilmington, NC 28401
1505 Medical Center DR, Wilmington, NC 28401
1505 Medical Center DR, Wilmington, NC 28401
1505 Medical Center DR, Wilmington, NC 28401
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$415,000

$450,000

7.8%
Est.Price: ?

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Est. payment /mo

1,500 SqFt


SOLD DATE : 08/24/2026

Key Details

Sold Price $415,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $276

Subdivision Not In Subdivision

MLS Listing ID 100581295

Sold Date 08/24/26

Year Built 1983

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 105' x 200'

Source Hive MLS

Property Description

Located in a well-positioned commercial corridor of Wilmington, 1505 Medical Center Dr presents a strong investment opportunity with an established long-term tenant already in place. The property is currently leased to Edward Jones - Financial Advisor under a GM lease structure through February 2030, providing steady cash flow with scheduled 3% annual rent increases and a current net income of $30,135.60. Zoned O&I, this asset offers stability with a nationally recognized tenant, a reported 6.5% cap rate, and an additional renewal option in place, making it an attractive option for investors seeking dependable income in a desirable Wilmington location. Buyer to verify lease terms, income figures, and all due diligence items upon review of the lease agreement. Assignment of Contract.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning O&I

Direction From 17th St, Turn left onto Medical Center Dr. Property will be on your right.

Exterior

Garage No

Building

New Construction No

Others

Tax ID R06011-002-010-001

Special Listing Condition Seller not Owner

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Listed by Anderson B Horton • Prosper Real Estate
Bought with Hunter Malone • Intracoastal Realty Corporation

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Tiffany Justice

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