511 Paladin Dr - Medical FOR SALE


Greenville, NC 27834- West Greenville
$3,540,000 USD
252-347-1287
511 Paladin Dr, Greenville, NC for Sale
$3,540,000 USD
Medical - FOR SALE
1/34
null | 11.35% Cap Rate

511 Paladin Dr
Greenville, NC 27834
West Greenville


HIGHLIGHTS

  • Established regional medical tenant
  • Existing ambulatory surgical center (vacant and functional layout)
  • Proximity to ECU Health Medical District
  • Strong medical corridor location
  • Ample on-site parking
  • Opportunity for lease extension or owner-user conversion

OVERVIEW

511 Paladin Drive is a ±17,000 SF medical office building strategically positioned in Greenville’s established healthcare corridor, just minutes from the ECU Health Medical District. The property is currently leased to Eastern Nephrology Associates (ENA) under a triple-net structure, providing stable in-place income. ENA occupies a portion of the building but leases the full facility, creating a unique opportunity for future owner-users or investors to reposition the asset. A significant portion of the building includes a fully built-out ambulatory surgical center (ASC) addition (constructed circa 2006). The surgical center is currently not being utilized by the tenant, presenting substantial upside for: -Medical owner-users seeking immediate surgical infrastructure -Investors pursuing value-add repositioning -Groups looking to lease or activate the existing ASC build-out Key Highlights: ±17,000 SF medical office building Triple-net lease structure Established regional medical tenant Existing ambulatory surgical center (vacant and functional layout) Proximity to ECU Health Medical District Strong medical corridor location Ample on-site parking Opportunity for lease extension or owner-user conversion The property’s location near ECU Health and Greenville’s primary medical ecosystem enhances long-term demand fundamentals for specialty medical, surgical, and outpatient providers. Ideal for investors seeking income with upside or medical operators looking to secure a strategic footprint near the hospital campus.

FOR SALE DETAILS

PRICE

$3,540,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

11.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

2.89 AC

LAND SF

125,888 SF

ZONING

MO

APN/PARCEL ID

049131

ASK ABOUT THIS PROPERTY

Justin MullarkeyMullarkey Real Estate Group, Inc.More Info
252-347-1287

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Justin MullarkeyMullarkey Real Estate Group, Inc.More Info
252-347-1287

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.