$899,900

1170 W Medical Court, Marion, NC 28752

  • 6,055 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1988
  • Property Lot Size Icon1acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $149/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Located adjacent to the hospital campus in Marion, North Carolina, McLeod Medical Office is a well-maintained medical office building offering a rare opportunity for both investors and owner-users. The property consists of approximately 6,052 square feet situated on a ±1-acre lot at 1170 W Medical Court Drive, within an established medical corridor. Constructed in 1998, the building is thoughtfully designed for medical use and currently features 15 private offices, a pharmacy area, lab room, conference room, two large waiting rooms, two break rooms, and six restrooms. The efficient layout supports a wide range of medical and healthcare uses while providing excellent functionality for staff and patients alike. Parking lot was repaved in 2025. The property is 100% occupied by a long-term medical tenant who has operated at this location since 2007, with a lease in place through April 30, 2026. Current in-place rent is $14.92 per square foot, generating an NOI of approximately $79,534, offering investors an attractive 8.85% cap rate based on market lease assumptions. Offered for sale or for lease, the property is priced at $899,000 ($148 per square foot), presenting a compelling opportunity to acquire a stabilized medical asset in a strong healthcare location. Its proximity to the hospital, long operating history, and flexible future leasing potential make this an ideal investment or future owner-occupied medical facility.

Listing Status:
Active
Data Last Updated:
March 26, 2026 at 12:16AM
Listing Office:
House In Order, LLC : 828-484-1571
MLS ID:
4341182
  • Basement: FinishedInterior EntryWalk-Out Access
  • Flooring: Carpet
  • A/C: Central Air
  • Heating: Central
  • Parking: Parking LotParking Space(s)Parking spaces: 32
  • Roofing: Architectural Shingle
  • General: Site BuiltBasement
  • Road/Access: Paved
  • Originating MLS: carolina
  • County: McDowell
  • Zoning: C-11701-17-10-0887
  • Restrictions: None known
  • Utilities: Electricity ConnectedUnderground Power Lines
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina

This listing courtesy of House In Order, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Marion Elementary School

209 Robert St, Marion, NC, 28752

Grades PK-5

2.06 miles away

E

East Mcdowell Middle School

676 State St, Marion, NC, 28752

Grades 6-8

2.25 miles away

M

McDowell Academy for Innovation

172 Lukin St, Marion, NC, 28752

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.