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Riverwalk Office Suite

101 S Water St, Wilmington, NC 28401

For Lease
New
$27 SF/Yr

CBD zoning places this workspace in downtown Wilmington, within walking distance of restaurants, shops, hotels, and entertainment.

Space Size1,800 SF
Days on Market1

Property Features for 101 S Water St

General Information

Standard status Active
Size 1,800 SF
Net Rentable 1,800 SF
Property subtype Office
Zoning CBD
Lease Type Full Service
Lease Term Full Service

Space & Availability

Available Space 1,800 SF
Contiguous Space 1,800 SF
Space Use Office

Lease Terms

Lease Rate $27 /SF/YR
Monthly Rent $4,050
Rent per SF/Year $27

Site & Location

Neighborhood Old Wilmington

Spaces For Lease

at 101 S Water St
Unit 2 $27/SF/Yr
Size 1,800 SF
Term Negotiable
Contact us
Listing Agency: Lee and Associates
Listed By: Lannin Braddock · License #272469
Source: Lee-associates
Added: Nov 6 Last Checked: Nov 6 at 2:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee and Associates

Rey
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Investment Insights

Based on property information with market context.

Unit 2 offers approximately 1,800 SF of office space in a single suite, with CBD (Central Business District) zoning. The property sits along the Cape Fear River and Wilmington Riverwalk, in a downtown setting with restaurants, shops, hotels, and entertainment nearby.

Market Street is just a short distance away. The surrounding area is described as highly walkable, with activity from residents, office workers, and visitors.

Key Highlights

  • Unit 2 offers ±1,800 SF of office space
  • CBD (Central Business District) zoning
  • Along the Cape Fear River and Wilmington Riverwalk

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Sharp Business Bookkeeping Accounting Firm Riverwatch Condo HOA Condominium Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Veterinary Clinic Butcher Florist

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

NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,461
Businesses Nearby

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Wilmington, NC

$58.8 /SF/Yr
Avg Asking Price
$16.12–$288 /SF/Yr
Price Range
5,432 SF
Avg Space Size

This space is priced 54% below the average of $58.8 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Wilmington, NC

$56.89 Jul
$48 Aug
$53.47 Sep
$58.8 Oct

Properties on Market for Office Units in Wilmington

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - CBD zoning places this workspace in downtown Wilmington, within walking distance of restaurants, shops, hotels, and entertainment.
Where is this office unit located?
The property is located at 101 S Water St Wilmington, NC.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Unit 2 offers ±1,800 SF of office space; CBD (Central Business District) zoning; Along the Cape Fear River and Wilmington Riverwalk
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Includes: Price & PSF · Cap rate · Location · Zoning

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