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    1506 S 3Rd St Wilmington, NC 28401

    For Lease
    $3,500 /Mo ($23 SF/Yr)

    COMMERCIAL - Wilmington, NC

    Property size:
    1,824 SF
    Lot size:
    0.14 Acres
    Days on Market:
    287
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1506 S 3Rd St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    UMX
    APN
    R05417-013-001-000
    Size
    1,824 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Expense value
    7000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1907
    Flooring type
    Wood
    Building materials
    Wood Siding

    Coastal Knot Realty Group & Business Brokerage (910) 434-6967

    Listing agent Celeste Salzberg (910) 434-6967 License #197830

    Listing date Feb 22, 2025

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in SoFro District

    This vibrant retail property is located in Wilmington's SoFro District, an area known for its concentration of small businesses and popularity among locals, especially on weekends. The South Front Apartments and Lofts are located one block away, providing a built-in customer base. The property is suitable for various businesses, including a bar/restaurant, bar/coffeehouse combo, tattoo studio, vintage store, or art/pottery studio. Situated on South 3rd Street, a main thoroughfare, the location offers high visibility. The lot size is 0.14 acres. The property offers 1824 square feet of retail space and is zoned UMX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.944134
    Latitude
    34.216137

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    FAQs

    What type of property is this?
    Retail space - Vibrant retail space in Wilmington's popular SoFro District.
    Where is this retail space located?
    The property is located at 1506 S 3Rd St Wilmington, NC.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Wilmington's vibrant and popular SoFro District.; - High visibility on Third Street, a main thoroughfare.; - Surrounded by small businesses, creating a lively atmosphere.
    (910) 434-6967
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 S 3Rd St Wilmington, NC 28401
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