Historic Medical Office
512 Sunset Avenue, Clinton, NC 28303
For Sale
$295,000
CommercialSale, Clinton, NC
Property Size2,519 SF
Lot Size0.48 Acres
Price / SF$117.11
Days on Market87
Property Features for 512 Sunset Avenue
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Listing Agency:
GRANT-MURRAY REAL ESTATE LLC.
(910) 829-1617
Listed By:
PATRICK MURRAY · License NC #231098
(910) 988-5284
Added: Aug 18
Changed: Oct 16
Last Checked: Nov 12 at 8:06AM
MLS# 767930
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,519-square-foot medical office building occupies a 0.48-acre O&I-zoned parcel. The interior includes a reception area, waiting room with a customer restroom, four private offices, two additional restrooms, and a dedicated break room with kitchenette. Constructed in 1918, the building features original architectural details and abundant natural light. An attached parking area serves staff and visitors.
The property is located along Sunset Avenue near Highway 421 and approximately minutes from downtown Clinton. Nearby restaurants, banks, pharmacies, retail, dining, and service businesses are within walking distance. The surrounding three-mile trade area has an average household income of $69,556 and a daytime population of 18,136. Reported daily traffic is 11,000 vehicles, with regional connections toward Fayetteville, Sanford, and Dunn.
The property is located along Sunset Avenue near Highway 421 and approximately minutes from downtown Clinton. Nearby restaurants, banks, pharmacies, retail, dining, and service businesses are within walking distance. The surrounding three-mile trade area has an average household income of $69,556 and a daytime population of 18,136. Reported daily traffic is 11,000 vehicles, with regional connections toward Fayetteville, Sanford, and Dunn.
Key Highlights
- 2,519‑square‑foot office building on a 0.48‑acre O&I‑zoned parcel
- Four private offices plus reception, waiting, break room, kitchenette, and three restrooms
- 1918 construction with original architectural details and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,789
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,780
$415.8K
Cap Rate 7%
$296,986
$297.0K
Cap Rate 9%
$230,989
$231.0K
Market Conditions
NOI Build-Up for 2,519 SF
Gross rent
$37.8K $15.00/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$34.6K $13.76/SF
− OpEx
−$13.9K −$5.50/SF
NOI
$20.8K $8.25/SF
Area
Cumberland County, NC
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,780
Cap Rate 7%
$296,986
Cap Rate 9%
$230,989
Alternative Uses
Best Use
Office B
$470.3K
$411.5K – $548.6K
NOI $32,918 @ 7.0% cap · market cap 11.16%
Second Best
Healthcare Medical
$297.0K
$259.9K – $346.5K
NOI $20,789 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$601.9K
$526.7K – $702.3K
NOI $42,135 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Cumberland County, NC
Properties on Market for Medical Office Space in Cumberland County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - O&I-zoned professional space includes private offices, reception, patient waiting, restrooms, and a break room kitchenette.
Where is this medical office space located?
The property is located at 512 Sunset Avenue Clinton, NC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,519‑square‑foot office building on a 0.48‑acre O&I‑zoned parcel; Four private offices plus reception, waiting, break room, kitchenette, and three restrooms; 1918 construction with original architectural details and abundant natural light
