Wilmington, NC 28401 1505 Medical Center Drive
$450,000



9 more









Presented By: Anderson B Horton with Prosper Real Estate.
Home Details
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.
Presented By: Anderson B Horton with Prosper Real Estate.
Interior Features for 1505 Medical Center Drive
Bathrooms
Total Baths
Other Interior Features
SmokingYNNo
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 1505 Medical Center Drive
Attached Garage No
Carport Y/NNo
CityWilmington
CountyNew Hanover
DirectionsFrom 17th St, Turn left onto Medical Center Dr. Property will be on your right.
Garage Y/NNo
HOANo
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
IslandOrMainlandMainland
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionLOT 2 MEDICAL ARTS CENTER
Lot Size Square Feet20909.0
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total0
Parcel NumberR06011-002-010-001
Property Attached Y/NNo
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Subdivision NameNot In Subdivision
Tax Assessed Value474600
Tax Year2025
Taxes$2,793
Year Built1983
ZoningO&I
Exterior for 1505 Medical Center Drive
Building Area Total1500.0
Crops Included Y/NNo
Horse Y/NNo
Lot Dimensions105' x 200'
Lot Size Acres0.48
Lot Size Area0.48
SpaNo
Waterfront Y/NNo
Additional Details
Price History
Wendy Buckley
Realtor
SQFT • 1,500