Wood-Frame Retail
For Lease
$3,500/Mo
1506 S 3rd Street, Wilmington, NC 28401
Commercial Lease, Wilmington, NC
Space SizeContact for details
Lot Size0.14 Acres
Days on Market565
Property Features for 1506 S 3rd Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
UMX
Subdivision
Downtown
Directions
From Market St travel south on 3rd St. Property located on the right.
Standard status
Active
APN
R05417-013-001-000
Size
1,824 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 3 PT LT 11 BLK E GREENFIELD TERRACE
Expense value
7000
Expense
SecurityDeposit
Expense freq.
One Time
Legal Description
LT 3 PT LT 11 BLK E GREENFIELD TERRACE
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1907
Flooring type
Wood
Building materials
Wood Siding, Wood Frame
Listing Agency:
Coastal Knot Realty Group & Business Brokerage
Listed By:
Celeste Salzberg · License #197830
(910) 434-6967
Added: Feb 21, 2025
Changed: Aug 19
Last Checked: Sep 9 at 1:06AM
MLS# 100490358
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Available for lease, this 1,824-square-foot retail space is configured within a wood-frame building with wood siding, wood flooring, and electric heat. Constructed in 1907, the property offers a character-rich setting for a commercial occupant seeking a presence on South 3rd Street.
The property is located at 1506 S 3rd Street in Wilmington’s SoFro District, an area described as surrounded by small businesses. South 3rd Street is identified as a main street, providing direct street exposure. South Front Apartments and Lofts are located one block away.
The space has been identified as suitable for bar or restaurant use, a bar and coffeehouse combination, tattoo studio, vintage store, or art and pottery studio. UMX zoning is in place, and the property encompasses 0.1377 acres.
The property is located at 1506 S 3rd Street in Wilmington’s SoFro District, an area described as surrounded by small businesses. South 3rd Street is identified as a main street, providing direct street exposure. South Front Apartments and Lofts are located one block away.
The space has been identified as suitable for bar or restaurant use, a bar and coffeehouse combination, tattoo studio, vintage store, or art and pottery studio. UMX zoning is in place, and the property encompasses 0.1377 acres.
Key Highlights
- 1,824 SF retail space at 1506 S 3rd Street, Wilmington, NC 28401
- UMX zoning
- Wood‑frame construction with wood siding
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
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
Market
Lease Benchmarks for Wilmington, NC
$39.75 /SF/Yr
Avg Asking Price
$23.03–$53.18 /SF/Yr
Price Range
6,135 SF
Avg Space Size
This space is priced 42% below the average of $39.75 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - UMX-zoned commercial space with wood flooring and a 1907 construction date.
Where is this retail space located?
The property is located at 1506 S 3rd Street Wilmington, NC.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 1,824 SF retail space at 1506 S 3rd Street, Wilmington, NC 28401; UMX zoning; Wood‑frame construction with wood siding
