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Historic Mixed-Use Retail/Office Building
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12 Market St, Wilmington, NC 28401

Historic 1901 building with open first- and second-floor space, including a spiral staircase and an executive office suite upstairs.

Property SizeContact for details
Days on Market195

Property Features for 12 Market St

General Information

Standard status Active
Property subtype RETAIL

Building Details

Year Built 1900
Listing Agency: Momentum Companies Inc.
Listed By: Kennan Espy · License #302677
Source: Mullarkeycreg
Added: Mar 3 Changed: Sep 8 Last Checked: Sep 14 at 5:31AM

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 Momentum Companies Inc.

Investment Insights

Based on property information with market context.

Built in 1901 and restored, this historic commercial property offers flexible layout across two levels, totaling 2,751 square feet. The first floor features an open-concept space suitable for retail or office use, while the second floor provides another expansive open area that can support office or retail use, with the layout also presented as a potential live-work residence above the street-level storefront. The interior includes a dramatic spiral staircase and a refined executive office suite on the upper level.

Located at 12 Market St. in Downtown Wilmington, the property sits within the Historic District and is described as being on a heavily trafficked downtown corridor. The area is noted for restaurants, boutiques, and local retailers, with year-round activity linked to the Wilmington Riverwalk. The remarks also reference seasonal programming, including the City’s Annual Christmas Tree Lighting and Holiday drone shows.

Key Highlights

  • Historic property at 12 Market St., originally constructed in 1901, with 2,751 SF of interior space
  • Open‑concept first‑floor layout suitable for retail or office use
  • Second floor offers expansive open space for office or retail, or potential live‑work residence above a street‑level storefront

Property Analytics

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Current Use

William E Poole ... Architect

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store 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.

Location Intelligence

Trade Area within ½ mile

5,196
Businesses Nearby
Balanced
Demand for This Use

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

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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Similar Off Market Nearby

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  • Ditsy Flowers 65 Merrimon Ave #1232, Asheville, NC 28801

Frequently Asked Questions

What type of property is this?
Storefront property - Historic 1901 building with open first- and second-floor space, including a spiral staircase and an executive office suite upstairs.
Where is this storefront property located?
The property is located at 12 Market St Wilmington, NC.
What are key features of this property?
This property features: Historic property at 12 Market St., originally constructed in 1901, with 2,751 SF of interior space; Open‑concept first‑floor layout suitable for retail or office use; Second floor offers expansive open space for office or retail, or potential live‑work residence above a street‑level storefront
More about this property
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