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    5601 Market St Wilmington, NC 28405

    For Lease
    $8,999,900

    8.56 acres with 11,544 sqft building for lease.

    Property size:
    11,544 SF
    Lot size:
    8.56 Acres

    Property Features for 5601 Market St

    General Information

    Size
    11,544 SF
    Lot size
    8.56 Acres

    Source: BlueCoast Commercial, LLC Agent Steve Hall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wilmington Commercial Development Opportunity

    This property offers a multi-functional development opportunity with significant commercial potential. The total acreage is approximately 8.56 acres, including approximately 5.9 acres of vacant land suitable for development and approximately 2.66 acres of developed land with existing improvements. Located in a high-traffic area at a major intersection of Eastwood/Martin Luther King Jr. Parkway and U.S. Hwy 17/Market Street in Wilmington, the property includes an approximately 11,544 sq. ft. office/flex/showroom building. The building features up to 18 offices, conference rooms, a break room, and a large open space. A stormwater retention system is already in place. The property's location and size make it suitable for hotel, restaurant, retail, office, car sales, and convenient store developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    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
    -77.863005
    Latitude
    34.248864

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    FAQs

    What type of property is this?
    Retail property - 8.56 acres with 11,544 sqft building for lease.
    Where is this retail property located?
    The property is located at 5601 Market St Wilmington, NC.
    What are key features of this property?
    This property features: - High-traffic location at Eastwood/Martin Luther King Jr. Parkway and U.S. Hwy 17/Market Street offers significant commercial potential.; - Substantial ± 8.56 acres with a large ± 5.9 acres of vacant land ideal for development.; - Existing ± 11,544 sq. ft. office/flex/showroom building on-site.
    (910) 279-3227
    Request Owner's contact information
    5601 Market St Wilmington, NC 28405
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    Wilmington, NC 28405
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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
    5601 Market St Wilmington, NC 28405
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