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Lender Owned | Prime Redev. Opportunity 1 Medical Center Dr SW 82,342 SF Healthcare Building Online Auction Sale Supply, NC 28462
Investment Highlights
- ±31.6 usable acres with US Highway 17 frontage, offering exceptional visibility, access and redevelopment potential in growing Brunswick County.
- Existing utilities, roadway infrastructure and level topography help reduce development costs and accelerate project timelines.
- Located between Wilmington and Myrtle Beach, benefiting from strong population growth, rising incomes and expanding development.
- Former hospital campus in shell condition with a 72,242 SF main facility plus 10,100 SF of office buildings, ideal for adaptive reuse/repositioning.
- C-LD zoning supports multifamily, medical, office, retail, mixed-use and business park concepts with redevelopment flexibility.
- Value-add investment opportunity with multiple paths to value creation in a market experiencing limited supply and rising demand.
Executive Summary
1 Medical Center Drive SW is a premier value-add opportunity in one of coastal North Carolina's fastest-growing regions.
Positioned on 31.6 usable acres along highly visible US Highway 17, this former hospital campus property includes a vacant 72,242-square-foot main facility and approximately 10,100 square feet of additional office buildings, creating a substantial footprint for redevelopment, adaptive reuse, or long-term investment strategies. Existing on-site utilities, level topography, and Commercial Low Density (C-LD) zoning provide a strong foundation for future development while helping reduce site preparation costs and timelines.
Investors and developers have the flexibility to pursue a wide range of uses, including multifamily housing, medical office, behavioral health, professional office, retail, mixed-use, research and development, or business park concepts. With no identified physical constraints to development under the current zoning and a favorable land-to-building ratio, the site offers significant optionality for repositioning based on changing market demand.
The investment is supported by powerful regional growth drivers. Brunswick County continues to experience rapid population growth, rising household incomes, and expanding residential development, fueling demand for housing, healthcare services, retail amenities, and commercial space.
Current market fundamentals further reinforce the redevelopment opportunity. Demand for multifamily, medical office, industrial, and mixed-use properties remains strong throughout the area, while limited inventory has contributed to rising lease rates and increasing property values. For buyers seeking a large-scale redevelopment site with existing infrastructure, prominent highway exposure, and multiple avenues for value creation, this property represents a compelling opportunity to capitalize on Brunswick County's continued growth trajectory.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Positioned on 31.6 usable acres along highly visible US Highway 17, this former hospital campus property includes a vacant 72,242-square-foot main facility and approximately 10,100 square feet of additional office buildings, creating a substantial footprint for redevelopment, adaptive reuse, or long-term investment strategies. Existing on-site utilities, level topography, and Commercial Low Density (C-LD) zoning provide a strong foundation for future development while helping reduce site preparation costs and timelines.
Investors and developers have the flexibility to pursue a wide range of uses, including multifamily housing, medical office, behavioral health, professional office, retail, mixed-use, research and development, or business park concepts. With no identified physical constraints to development under the current zoning and a favorable land-to-building ratio, the site offers significant optionality for repositioning based on changing market demand.
The investment is supported by powerful regional growth drivers. Brunswick County continues to experience rapid population growth, rising household incomes, and expanding residential development, fueling demand for housing, healthcare services, retail amenities, and commercial space.
Current market fundamentals further reinforce the redevelopment opportunity. Demand for multifamily, medical office, industrial, and mixed-use properties remains strong throughout the area, while limited inventory has contributed to rising lease rates and increasing property values. For buyers seeking a large-scale redevelopment site with existing infrastructure, prominent highway exposure, and multiple avenues for value creation, this property represents a compelling opportunity to capitalize on Brunswick County's continued growth trajectory.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Property Facts
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Sale Advisor
Sale Advisor
Ed Trice, Commercial Broker
Ed Trice joined CBC Sun Coast Partners in 2021. He has extensive experience in the software and hardware industry, including prior roles at SAS Institute in Cary, NC and Cisco Systems in the Research Triangle Park. Ed has a passion for serving clients and helping them to develop and execute on their visions. Ed holds a real estate license in the state of North Carolina and is an active member of the Realtors Commercial Alliance (RCA), Cape Fear Realtors Association (CFR) and the National Association of Realtors (NAR).
Ed graduated with a Bachelor of Science from the University of North Carolina in Chapel Hill and has an MBA from Capella University. His volunteer work includes Special Olympics, Habitat for Humanity and the Food Bank of Central & Eastern North Carolina. Ed has four grown children and three grandchildren and enjoys spending time with them and their families. Ed lives in Wrightsville Beach with his wife and two pups, is an avid runner and enjoys training for and participating in marathons.
Ed graduated with a Bachelor of Science from the University of North Carolina in Chapel Hill and has an MBA from Capella University. His volunteer work includes Special Olympics, Habitat for Humanity and the Food Bank of Central & Eastern North Carolina. Ed has four grown children and three grandchildren and enjoys spending time with them and their families. Ed lives in Wrightsville Beach with his wife and two pups, is an avid runner and enjoys training for and participating in marathons.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Casey Harrell
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Lender Owned | Prime Redev. Opportunity | 1 Medical Center Dr SW
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Lender Owned | Prime Redev. Opportunity | 1 Medical Center Dr SW
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