# 1505 Medical Center Drive, Wilmington, NC 28401

> **TL;DR:** single family, $450,000 ($300/sqft), built 1983, 1,500 sqft. Est. $1,950/mo. Listed 14 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $450,000 |
| Price/sqft | $300 |
| Square Feet | 1,500 |
| Year Built | 1983 |
| Lot Size | 20,909 sqft (0.48 acres) |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 14 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,950 |
| **Total** | **$1,950** |

## Property Highlights

- Built in 1983
- 0.48 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1505 Medical Center Drive, Wilmington, NC 28401
- **County:** New Hanover
- **Neighborhood:** Not In Subdivision
- **Coordinates:** 34.204825, -77.925822
- **Google Maps:** https://www.google.com/maps?q=34.204825,-77.925822

## Listing Agent

- **Name:** Anderson B Horton
- **Brokerage:** Prosper Real Estate
- **Phone:** 3365040073
- **Email:** hortonab13@gmail.com

## Primary Photo

![1505 Medical Center Drive - Primary Photo](http://lh.rdcpix.com/2df7b543d2197759b2417d43b901a504l-f3387174929r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/1505-medical-center-drive-wilmington-nc-28401-00581295)*

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**MLS#:** 100581295 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1505-medical-center-drive-wilmington-nc-28401-00581295)

---

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