Date
Details
Price
Change
Source
6/12/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 1505 Medical Center Dr
General
- Price: $450,000
- Taxes: $2,793 (2025)
- Status: Active
- Type: Commercial
- Source: 2253
- MLS ID: 100581295
- Updated: 6/12/2026
- Added to Site: 2 day(s) ago
Location
- County: New Hanover
- Subdivision: Not In Subdivision
- Driving Directions: From 17th St, Turn left onto Medical Center Dr. Property will be on your right.
Structural Information
- Square Feet: 1,500
- Year Built: 1983
Lot Features
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,909
- Lot Dimensions: 105' x 200'
- Zoning: O&I
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $300
- Assessment Amount: $474,600
- Tax Amount: $2,793.03
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Seller not Owner
- Legal Description: LOT 2 MEDICAL ARTS CENTER
- Property ID: R06011-002-010-001
Listed by Prosper Real Estate, Anderson B Horton
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Listing agent
— 1505 Medical Center Dr —
Anderson B Horton
Prosper Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1505 Medical Center Dr
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Sunset Park Elementary 613 Alabama Avenue, Wilmington, NC 28401 | K-5 | 0.9 mi |
Williston Middle 401 South 10th Street, Wilmington, NC 28401 | 6-8 | 1.9 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1505 Medical Center Dr
Tax History
Tax History for 1505 Medical Center Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,793
-7%
$474,600
38%
2024
$3,002
3%
$345,000
—
2023
$2,915
-1%
$345,000
—
2021
$2,953
1%
$345,000
—
2022
$2,933
-1%
$345,000
11%
2021
$2,953
-10%
$310,000
—
2019
$3,266
-16%
$310,000
—
2018
$3,873
—
$310,000
-16%
2017
$3,873
1%
$367,700
6%
2016
$3,829
5%
$345,600
—
2015
$3,660
4%
$345,600
—
2014
$3,504
1%
$345,600
—
2013
$3,470
—
$345,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1505 Medical Center Dr
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1505 Medical Center Drive, Wilmington, NC 28401 (MLS# 100581295) is a Commercial property. 1505 Medical Center Drive is currently listed for $450,000 and was received on June 12, 2026. Want to learn more about 1505 Medical Center Drive? Do you have questions about finding other Commercial real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.