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Quick Service Restaurant with Drive-Thru
For Sale
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4023 Market Street, Wilmington, NC 28403

Stand-alone quick serve restaurant building with drive-thru, wraparound bar, existing kitchen hood, and 29 parking spaces.

Property Size1,750 SF
Lot Size0.95 Acres
Days on Market55

Property Features for 4023 Market Street

General Information

Standard status Active
Size 1,750 SF
Total Parking Spaces 29
Lot size 0.95 Acres
Property subtype RETAIL

Site & Location

Road Access Yes
Fenced Yard Yes

Additional Details

Business Included Yes
Commercial Hood Yes

Building Details

Year Built 1977
Listing Agency: RE/MAX Essential
Listed By: Kenneth Fisher · License #NC227264
Source: Mwmrealestate
Added: Jul 3 Changed: Aug 23 Last Checked: Aug 25 at 4:50AM

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 RE/MAX Essential

Investment Insights

Based on property information with market context.

This stand-alone quick serve restaurant building with drive-thru is offered for sale and is described as close to turn-key. The highly visible structure includes arched windows and a rooftop facade, with a street-front orientation. Interior features include a wrap-around bar that separates the kitchen and service area from the dining room, along with a hood system in place. The sale includes existing equipment, including two exterior walk-in coolers located in a fenced area just out the back door, and there are connections available for additional equipment to suit a concept.

Access is provided via driveways on Market Street (primary) and Princess Place Drive, connecting to a signalized intersection. The property includes a parking lot with 29 striped spaces, including one handicap space with access aisle. About half of the parcel is undeveloped and could support an outdoor dining or courtyard setup.

The building sits on just under one acre and offers a drive-thru configuration aligned with quick service operations, with additional yard space for potential outdoor use.

Key Highlights

  • Stand‑alone quick serve restaurant building (1,750 SF) built in 1977, with drive‑thru
  • Sits on 0.95 acres on Market Street, about 3 miles from downtown Wilmington
  • Driveways provide access from Market Street (primary) and Princess Place Drive for a signalized intersection

Property Analytics

Current Use

Morgans' Seafood Restaurant Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Auto Parts Store Storage Facility 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.

Lease Details

Turnkey business
Opportunity
Yes
Fenced yard
Yes
Paved road access
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

774
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
Rey
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Stand-alone quick serve restaurant building with drive-thru, wraparound bar, existing kitchen hood, and 29 parking spaces.
Where is this drive through restaurant located?
The property is located at 4023 Market Street Wilmington, NC.
What are key features of this property?
This property features: Stand‑alone quick serve restaurant building (1,750 SF) built in 1977, with drive‑thru; Sits on 0.95 acres on Market Street, about 3 miles from downtown Wilmington; Driveways provide access from Market Street (primary) and Princess Place Drive for a signalized intersection
More about this property
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