Search
Ground-Level Office Suite

106 N Water Street, Wilmington, NC 28401

For Lease
New
$1,400/Mo

Commercial Lease, Wilmington, NC

Space SizeContact for details
Days on Market4

Property Features for 106 N Water Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning CBD
Parking features Parking Lot
Subdivision Water Street Center Condo
Lot features Second Row
View River
Directions Head North on 3rd street in Downtown Wilmington. Take Left on Grace Street and then Left onto Water Street . Water Street Center is on Left at 106 N Water Street.
Standard status Active
APN R04720-007-023-012
Size 585 SF

Taxes and HOA fees

Tax Year 2025
Tax Description Unit 1L Water Street Center Condos
Tax Annual Amount 654
Expense value 1400
Expense SecurityDeposit
Expense freq. One Time
Legal Description Unit 1L Water Street Center Condos

Utilities

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

Building Details

Year built 2000
Number of units 1
Flooring type Lvt/lvp
Building materials Concrete, Brick Veneer
Roof type Membrane
Listing Agency: Network Real Estate
Listed By: Kevin S McKoy · License NC #186237
Added: Nov 12 Last Checked: Nov 15 at 4:06AM
MLS# 100616065

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.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 585-square-foot office unit is on the ground level and occupies an end position. The space has one restroom, and existing furnishings may remain. Central air conditioning and electric heat are installed.

At 106 N Water Street, the suite sits at the Water Street and Chesnutt Street corner in Wilmington. The space includes one parking lot spot and has views of the river and battleship.

Key Highlights

  • 585‑square‑foot ground‑floor end unit
  • CBD zoning
  • One restroom and one parking lot space

Property Analytics

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

Current Use

The Anchor Church Church Homes For Sale Real Estate Agency Holland Haman W Law Firm LinkJuce SEO Digital ... Advertising Agency Willis Coaching Life Coach

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Garden Center Pharmacy

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
$4.31 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,268
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

$59.07 /SF/Yr
Avg Asking Price
$16.12–$288 /SF/Yr
Price Range
5,572 SF
Avg Space Size

This space is priced 51% below the average of $59.07 /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-zoned space includes a restroom, one parking space, and furnishings that may remain.
Where is this office unit located?
The property is located at 106 N Water Street Wilmington, NC.
What is the lease rate?
The lease rate is $1,400/Mo.
What are key features of this property?
This property features: 585‑square‑foot ground‑floor end unit; CBD zoning; One restroom and one parking lot space
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Why hide this one?