Retail Space in SoFro
For Lease
Contact for pricing
1506 S 3rd St, Wilmington, NC 28401
Vibrant retail space in Wilmington's popular SoFro District.
Space Size1,824 SF - 2,200 SF
Days on Market1915
Property Features for 1506 S 3rd St
General Information
Standard status
Active
Size
1,824 SF - 2,200 SF
Total Parking Spaces
2
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
2,200 SF
Year Built
1907
Tenancy
Multiple
Spaces For Lease
at 1506 S 3rd St Contact us- Size
- 2,200 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Available Space
- Size
- 1,824 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
Coastal Knot Realty Group & Business Brokerage
(910) 434-6967
Listed By:
Celeste Salzberg · License #197830
Source:
Crexi
Added: May 25, 2021
Changed: Aug 15
Last Checked: Aug 19 at 9:49PM
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 Coastal Knot Realty Group & Business Brokerage
Investment Insights
Based on property information with market context.
This property is located in Wilmington's SoFro District, an area known for its concentration of small businesses and popularity among locals, especially on weekends. The South Front Apartments and Lofts are located one block away, offering a potential customer base within the immediate neighborhood. The space is suitable for a variety of businesses, including a bar/restaurant, bar/coffeehouse combo, tattoo studio, vintage store, or art/pottery studio. The property benefits from high visibility on Third Street, a main thoroughfare.
Key Highlights
- Prime location in Wilmington's vibrant and popular SoFro District.
- High visibility on Third Street, a main thoroughfare.
- Surrounded by numerous small businesses, creating a lively atmosphere.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.87 /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
$31.25 /SF/Yr
Avg Asking Price
$21.33–$41.9 /SF/Yr
Price Range
9,040 SF
Avg Space Size
This space is priced 39% below the average of $31.25 /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 - Vibrant retail space in Wilmington's popular SoFro District.
Where is this retail space located?
The property is located at 1506 S 3rd St Wilmington, NC.
What is the lease rate?
The lease rate is $19.10 SF/Yr.
What are key features of this property?
This property features: Prime location in Wilmington's vibrant and popular SoFro District.; High visibility on Third Street, a main thoroughfare.; Surrounded by numerous small businesses, creating a lively atmosphere.
