Property Details
1170 Medical Court
Marion
$899,900
MLS Number: 4341182
Status: Active
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.
Location |
|
|---|---|
| Address | 1170 Medical Court Marion |
| County | McDowell |
Overview |
|
| Bedrooms | 0 |
| Full Bathrooms | 0 |
| Half Bathrooms | 0 |
| Lot Size | 1 acres |
| Year Built | 1988 |
General |
|
| List Price | $899,900 |
| MLS Number | 4341182 |
| Status | Active |
| Office | House In Order, LLC |
Schools |
|
| Elementary | |
| Middle | |
| High | |
Features |
|
| Type | Medical |
| Parking | Parking Lot, Parking Space(s) |
| Water/Sewer | City |
| Floor Coverings | Carpet |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 04/23/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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