Medical Office Space with Master
For Sale
Contact for pricing
505 East Parker Road, Morganton, NC 28655
Medical office property with an active cardiology practice lease and potential sublease configurations.
Property Size11,692 SF
Days on Market145
Property Features for 505 East Parker Road
General Information
Standard status
Active
Size
11,692 SF
Property subtype
Office, Land
Financials
Asking Price
$2,250,000
Cap Rate
7.2%
Building Details
Tenancy
Single
Listing Agency:
NAI Beverly-Hanks
(828) 210-3940
Listed By:
Terry Peterson · License #NC 177585
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Beverly-Hanks
Investment Insights
Based on property information with market context.
This 11,692-square-foot medical office property is subject to a master lease with a cardiology practice, with 3 years remaining on the current term. The property also offers sublease possibilities during that period, with available configurations ranging from 2,566 to 5,831 square feet.
Located at 505 East Parker Road in Morganton, North Carolina, the property is structured under NNN lease terms. The existing lease and flexible space configurations provide a defined occupancy framework for medical office users and investors.
Located at 505 East Parker Road in Morganton, North Carolina, the property is structured under NNN lease terms. The existing lease and flexible space configurations provide a defined occupancy framework for medical office users and investors.
Key Highlights
- 11,692 SF medical office property
- Master lease to a cardiology practice with 3 years remaining
- Sublease configurations from 2,566 to 5,831 SF
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28655, NC
55,328
Population
24,542
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
84%
High-School Grad
325.0 sq mi
ZIP Area
170
Density / Sq Mi
$53,464
Median Household Income
$34,191
Median Earnings
$827
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property with an active cardiology practice lease and potential sublease configurations.
Where is this medical office space located?
The property is located at 505 East Parker Road Morganton, NC.
What are key features of this property?
This property features: 11,692 SF medical office property; Master lease to a cardiology practice with 3 years remaining; Sublease configurations from 2,566 to 5,831 SF
