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Freestanding Retail Building with Adjacent Lot
For Sale
$749,000

1028 S College, Wilmington, NC 28403

Freestanding retail building for sale with an adjacent vacant lot and easement access for flexible site planning options.

Property Size1,926 SF
Price / SF$388.89
Days on Market507

Property Features for 1028 S College

General Information

Standard status Active
Size 1,926 SF
Property subtype Commercial

Building Details

Year Built 1972
Listing Agency: COLDWELL BANKER SEA COAST ADVANTAGE-CB
Listed By: AJAY SINGH · License #301605
Source: Corcoran
Added: Mar 12, 2025 Changed: Jul 10 Last Checked: Jul 30 at 8:32AM

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 COLDWELL BANKER SEA COAST ADVANTAGE-CB

Investment Insights

Based on property information with market context.

This for-sale property includes a free-standing retail building containing 1,926 square feet of retail space, positioned for retail uses or office conversion. The site also offers a vacant lot next to the building (1024 South College Road) that may be purchased separately or together with the retail property.

The location is described as being near Oleander Drive, Wrightsville Beach, UNCW, and Midtown. The property includes an easement that the remarks say provides potential access to Kerr Ave, adding an additional planning consideration for buyers and operators. Tenant coordination will be required as the current tenants’ lease is expiring and they will be leaving the space.

For tenants, the building’s straightforward retail footprint may support a range of neighborhood-service concepts or an office setting, subject to approval for the intended use. For buyers, the included adjacent vacant lot can support options such as laydown yard use, office space, or parking, depending on how the buyer intends to stage and operate the combined site. Seller financing is noted as available with flexible terms for qualified buyers on the right conditions. For showings, please contact the listing agent and do not disturb the tenant.

Key Highlights

  • Freestanding retail building built in 1972
  • 1,926 sq. ft. retail space for sale near UNCW, Oleander Dr, Wrightsville Beach, and Midtown
  • Adjacent vacant lot at 1024 South College Road is available, either separately or with the building

Property Analytics

Current Use

Indoff Commercial Interiors ... Furniture & Home Goods Welcome Home Angel Association Or Organization Elevate Evolution (Bike/Boat/Book/etc) Store Indoff Commercial Interiors Furniture & Home Goods Hughes Designs Inc Interior Design

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center Kitchen & Bath Showroom Plumbing Service Law Firm Electrical Service

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

1,499
Businesses Nearby

Demographics for 28403, NC

38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding retail building for sale with an adjacent vacant lot and easement access for flexible site planning options.
Where is this retail space located?
The property is located at 1028 S College Wilmington, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Freestanding retail building built in 1972; 1,926 sq. ft. retail space for sale near UNCW, Oleander Dr, Wrightsville Beach, and Midtown; Adjacent vacant lot at 1024 South College Road is available, either separately or with the building
More about this property
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