1170 W Medical CT Marion, NC 28752
1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Medical
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4341182
Construction Status Completed
Year Built 1988
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Medical
Property Description
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.
Location
State NC
County Mcdowell
Zoning C1
Rooms
Basement Finished, Interior Entry, Walk-Out Access
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Inclusions Building, Fixtures, Land
Exterior
Utilities Available Electricity Connected, Underground Power Lines
Roof Type Architectural Shingle
Street Surface Paved
Total Parking Spaces 32
Building
Lot Description Cul-De-Sac, End Unit, Paved, Wooded
Dwelling Type Site Built
Foundation Basement
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Construction Status Completed
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease, None