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    102 South 2Nd St Wilmington, NC 28401

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    For Sale
    $1,750,000

    Restaurant space with equipment, seating for 150, and two bars.

    Property size:
    4,818 SF
    Lot size:
    0.21 Acres

    Property Features for 102 South 2Nd St

    General Information

    Size
    4,818 SF
    Lot size
    0.21 Acres

    Source: Cape Fear Commercial, LLC Agent Patrick Riley

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

    Overview

    Turn-Key Restaurant Space For Sale

    Located at the corner of South 2nd Street and Dock Street, this 4,818 square foot restaurant space has a history of success. The current operator, Tarantelli’s, is relocating to a larger space. The area of Downtown Wilmington has experienced growth, making it a location for a restaurant. The subject property is located across the street from Dram Yard and the Arrive Hotel. A 55-room expansion and retail space are planned on the adjacent parcel to the south. The property includes front-of-house FF&E and kitchen equipment, two bars, and seating for up to 150 people. Tarantelli’s invested over $1M in this space. The business could also be purchased with the real estate. Residential use options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tarantelli's Italian Restaurant Fit For Five Gym

    Suggested Use

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

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

    Similar Places Nearby

    The Taproom at Front Street Brewery

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.947488
    Latitude
    34.2341594

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space with equipment, seating for 150, and two bars.
    Where is this restaurant located?
    The property is located at 102 South 2Nd St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Prime location in Downtown Wilmington, across from Dram Yard and the Arrive Hotel.; - Fully equipped restaurant space (4,818 SF) with front-of-house FF&E and kitchen equipment included.; - Seating capacity for up to 150 people and features 2 bars.
    (910) 264-2153
    Request Owner's contact information
    102 South 2Nd St Wilmington, NC 28401
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    Wilmington, NC 28401
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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
    102 South 2Nd St Wilmington, NC 28401
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