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Historic Murchison Building Office Space
For Lease
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201 N Front St, Wilmington, NC

Downtown Wilmington office suites with flexible lease terms.

Space Size2,397 SF - 2,544 SF
Lot Size0.35 Acres
Days on Market882

Property Features for 201 N Front St

General Information

Standard status Active
Size 2,397 SF - 2,544 SF
Lot size 0.35 Acres
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 201 N Front St Contact us

The Murchison Building - Office Space For Lease $18 – $26/SF/Yr

Size 2,397 SF
Type OFFICE
Lease Type MODIFIED_GROSS
Availability AVAILABLE
Various suite sizes on flexible lease terms offered at the historic 11-story Murchison building in downtown Wilmington. In the heart of downtown, the building is situated near restaurants and retailers and offers incredible views and plenty of natural light. The Murchison Building is located at 201 N. Front St. The building was constructed between 1913 and 1914 as a new home for the Murchison National Bank. The building is adjacent to the new River Place development. River Place is a 13-story mixed-use development located at the corner of Chestnut and Water Streets, in the center of Downtown Wilmington. River Place features 32,000 SF retail space, 92 luxury condominiums and 79 luxury rental apartments. Rates include trash pick-up twice a week. Net electric, data, phone, internet hookups in unit. Also offered to Tenants are free notary services, and a conference room located on the 2nd floor of the building, available for rent. Please inquire for details.
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The Murchison Building - Retail Space For Lease $16 – $26/SF/Yr

Size 2,544 SF
Type RETAIL
Lease Type MODIFIED_GROSS
Availability AVAILABLE
Various suite sizes on flexible lease terms offered at the historic 11-story Murchison building in downtown Wilmington. In the heart of downtown, the building is situated near restaurants and retailers and offers incredible views and plenty of natural light. The Murchison Building is located at 201 N. Front St. The building was constructed between 1913 and 1914 as a new home for the Murchison National Bank. The building is adjacent to the new River Place development. River Place is a 13-story mixed-use development located at the corner of Chestnut and Water Streets, in the center of Downtown Wilmington. River Place features 32,000 SF retail space, 92 luxury condominiums and 79 luxury rental apartments. Rates include trash pick-up twice a week. Net electric, data, phone, internet hookups in unit. Also offered to Tenants are free notary services, and a conference room located on the 2nd floor of the building, available for rent. Please inquire for details.
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Listing Agency: Cape Fear Commercial, LLC
Listed By: Julia Schuett
Source: Moodyscre
Added: May 3, 2024 Changed: Sep 23 Last Checked: Sep 30 at 10:26AM

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 Cape Fear Commercial, LLC

Investment Insights

Based on property information with market context.

Located in the heart of downtown Wilmington, the historic 11-story Murchison Building offers various suite sizes with flexible lease terms. Constructed between 1913 and 1914, the building is situated at 201 N. Front St. and provides incredible views and plenty of natural light. The building is adjacent to the new River Place development, a 13-story mixed-use development featuring 32,000 square feet of retail space, 92 luxury condominiums, and 79 luxury rental apartments. The available office space is suitable for various business operations. Rates include trash pick-up twice a week. Net electric, data, phone, and internet hookups are available in the unit. Tenants are also offered free notary services and access to a conference room located on the 2nd floor of the building, available for rent.

Key Highlights

  • Prime downtown Wilmington location near restaurants and retailers.
  • Flexible lease terms and various suite sizes available.
  • Incredible views and plenty of natural light.

Property Analytics

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Current Use

URS Corporation Engineering Consultant Dowd Technology Group, ... (Bike/Boat/Book/etc) Store Stellar Digital Inc (Bike/Boat/Book/etc) Store Eric J Christopher ... Physician AT&T Home Internet Telecommunications Service

Suggested Use

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

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,382
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Wilmington, NC

$53.47 /SF/Yr
Avg Asking Price
$16.12–$288 /SF/Yr
Price Range
5,483 SF
Avg Space Size

This space is priced 66% below the average of $53.47 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Downtown Wilmington office suites with flexible lease terms.
Where is this office units located?
The property is located at 201 N Front St Wilmington, NC.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Prime downtown Wilmington location near restaurants and retailers.; Flexible lease terms and various suite sizes available.; Incredible views and plenty of natural light.
(910) 899-6660 Call to check price and availability
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