11
  • Property Type
  • Medical, Commercial Sale
  • 6055 Sqft
  • Area Size
  • 1988
  • Year Built

1170 W Medical Court, Marion, NC 28752

  • $899,900

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.

  • Address: 1170 W Medical Court
  • City: Marion
  • State/county: NC
  • Zip/Postal Code: 28752

Details

Updated on January 27, 2026 at 7:27 pm
  • Property ID 4341182
  • Price $899,900
  • Property Size 6055 m²
  • Garage Size x x
  • Year Built 1988
  • Property Type Medical, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional
  • Roof Architectural Shingle
  • Utilities Electricity Connected,Underground Power Lines
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • Flooring Carpet
  • County Mc Dowell
  • Property Type Commercial Sale
  • Parking Parking Lot,Parking Space(s)

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Contact Information

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The Simpson Group Realty
  • The Simpson Group Realty

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