305 Medical Arts Dr, Edenton, NC 27932
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MA · Edenton, NCEdenton. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.