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

1505 Medical Center Drive

^$ 450,000

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Recently Listed

1505 Medical Center Drive

Wilmington, NC, 28401

^$ 450,000

Bedrooms-- Baths-- Sq 1,500

Monthly Estimate*

^$ 2,771

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1505 Medical Center Drive, Wilmington, NC 28401 - Image 7

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1505 Medical Center Drive, Wilmington, NC 28401 - Image 9

1505 Medical Center Drive, Wilmington, NC 28401 - Image 10

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Commercial Property for sale in Wilmington, NC

for $450,000. This 1,500 square foot building was built in 1983 on a lot size of 0.48.

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.

Commercial Active

Price

^$ 450,000

Property Type

Commercial

Taxes

^$ 2,793

Style

Commercial Sale

Lot Size

0.48

Year Built

1983

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100581295

Features

General

Zoning O&I

Year Built 1983

Tax Year 2025

Taxes 2793.03

Parcel Number R06011-002-010-001

County New Hanover

New Construction N

Property Type Commercial Sale

In City Limits? (Y/N) Y

HOA N

Attached Garage N

Subdivision Name Not In Subdivision

Garage Y/N N

Status Active

Directions From 17th St Turn left onto Medical Center Dr. Property will be on your right.

City Wilmington

Number Of Units Total 0

Lot Size Units Acres

Lot Size Square Feet 20909.0

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Considered Y/N N

Standard Status Active

Tax Assessed Value 474600

Legal Description LOT 2 MEDICAL ARTS CENTER

Exterior

Lot Size Area 0.48

Spa N

Building Area Total 1500.0

Lot Dimensions 105' x 200'

Lot Size Acres 0.48

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Total Baths 0

Internal Only

Street Number 1 1505

* Excluded Features

List By

Anderson B Horton

Listing Agent

Prosper Real Estate

Broker

hortonab13@gmail.com

Affordability Calculator

$3,003

Per Month

Monthly Principal & Interest: $2,771
Monthly Property Taxes: $233
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, NC

Average List Price ^$1,341,873

Percent of Sale Price 198%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/12/2026	$450,000		Listed Price

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1505 Medical Center Drive, Wilmington, NC, 28401 is a Commercial Property for sale at $450,000 with 1,500 sqft and a lot size of 0.48. 1505 Medical Center Drive was built in 1983. The property's zip code is 28401 which is in Wilmington, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Copyright 2019 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

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1505 Medical Center Drive

Commercial Property for sale in Wilmington, NC

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