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    FOR SALE
    Medical Office Space

    305 Medical Arts Dr, Edenton, NC 27932

    4,031 SF 1.27 ac lot Built 2021
    Entity Owned Free & Clear
    Property ID
    US53-4659242
    305 Medical Arts Dr, Edenton, NC 27932 For Sale
    $190,000 4,031 SF
    305 Medical Arts Dr, Edenton, NC 27932
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    Property summary
    AI-generated overview

    This exceptional 1-acre commercial lot, located at 305 Medical Arts Drive in Edenton, North Carolina (Chowan County, zip code 27932), presents a unique investment opportunity. Priced at $190,000 (recently reduced by $39,000!), this property boasts a desirable cul-de-sac location with 500 feet of road frontage. Its strategic position offers excellent visibility and accessibility, situated near prominent medical facilities including Davita and Vidant Hospital, as well as a shopping center and other medical offices. The property is conveniently located near the Highway 17 Bypass, ensuring easy access for patients and employees. The lot is zoned for Medical Arts use, making it ideal for a variety of healthcare-related businesses. Adding to its appeal, the sellers are open to building to suit a credit tenant offering a long-term lease, providing flexibility and potential for significant return on investment. The total area encompasses 55,321 square feet, offering ample space for development. This is a rare opportunity to acquire a prime commercial lot in a thriving medical district. Don't miss out on this exceptional investment prospect.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2021
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,031 SF
    Lot 1.27 ac (55,321 SF)
    Zoning code MA
    APN 780500434216
    UPID US53-4659242
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    ATLAS DEVELOPMENT COMPANY
    ATLAS DEVELOPMENT COMPANY
    Zoning & alternative use
    MA · Edenton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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