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Renovated Drive-Through Restaurant
For Sale
$4,400,000

8232 Market Street, Wilmington, NC 28411

COMMERCIAL - Wilmington, NC

Property Size7,922 SF
Lot Size1.43 Acres
Price / SF$555.42
Days on Market93

Property Features for 8232 Market Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B-1
Parking features Parking Lot
Directions Market Street Heading North to the Porters Neck area, Mema's Chick'n and Ribs is on the right just before the Harris Teeter
Standard status Active
APN R03600-005-042-000
Size 7,922 SF
Lot size 1.43 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Pt Tr 3 Rusher Div
Tax Annual Amount 10299
Legal Description Pt Tr 3 Rusher Div

Utilities

Heating system Electric (Heating), Forced Air, Heat Pump (Heating)
Cooling system Heat Pump, Central Air
Water source Public

Building Details

Year built 1999
Building materials Brick Veneer, Wood Frame
Listing Agency: Barfield & Associates Realty
Listed By: Jonathan Barfield · License #185639
Added: May 1 Changed: Jul 1 Last Checked: Aug 1 at 8:06AM
MLS# 100570977

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated restaurant facility offers approximately 7,900 square feet and is presented as move-in ready. Improvements completed in 2023 include a new roof and HVAC, plumbing upgrades, new flooring, a drive-through, and a grease trap. The kitchen includes a hood fire suppression system, and the property also features spacious restroom facilities. A marquee sign is included.

The property is zoned B-1 and provides 61 parking spaces. It has road front visibility and prime road frontage on Market Street in the Porters Neck area of Wilmington, NC.

As offered in its current layout, the building is equipped for restaurant operations and may also suit other concepts permitted within the B-1 zoning district.

Key Highlights

  • 7900 SF restaurant facility renovated in 2023 with new roof, HVAC and plumbing upgrades, new flooring, and drive‑thru
  • Equipped for restaurant use with grease trap and kitchen hood fire suppression system
  • Zoned B‑1 and includes marquee sign

Property Analytics

Current Use

J Michael's Philly ... Food Market

Suggested Use

Top Pick Law Firm Hair Salon Electrical Service HVAC Service Grocery & Convenience Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap

Location Intelligence

Trade Area within ½ mile

1,076
Businesses Nearby
Under-served
Demand for This Use

Demographics for 28411, NC

37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated restaurant facility with drive-through, grease trap, and kitchen hood fire suppression, offered for sale in B-1 zoning.
Where is this conventional restaurant located?
The property is located at 8232 Market Street Wilmington, NC.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 7900 SF restaurant facility renovated in 2023 with new roof, HVAC and plumbing upgrades, new flooring, and drive‑thru; Equipped for restaurant use with grease trap and kitchen hood fire suppression system; Zoned B‑1 and includes marquee sign
More about this property
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