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
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Address: 1170 W Medical Court
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City: Marion
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State/county: NC
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Zip/Postal Code: 28752
Details
Updated on January 27, 2026 at 7:27 pm-
Property ID 4341182
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Price $899,900
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Property Size 6055 m²
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Garage Size x x
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Year Built 1988
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Property Type Medical, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Conventional
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Roof Architectural Shingle
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Utilities Electricity Connected,Underground Power Lines
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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Flooring Carpet
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County Mc Dowell
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Property Type Commercial Sale
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Parking Parking Lot,Parking Space(s)
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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