Ground-Floor Mixed-Use
240 North Water Street, Wilmington, NC 28401
For Lease
$30 SF/Yr
Class A retail and office setting in a 2020 downtown mixed-use building.
Space Size6,525 SF
Property Size34,000 SF
Days on Market94
Property Features for 240 North Water Street
General Information
Standard status
Size
Net Rentable
Class
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Space & Availability
Available Space
Contiguous Space
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Condition
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Site & Location
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Building Details
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Year Built
Tenancy
Spaces For Lease
at 240 North Water Street
240 N Water St
$30/SF/Yr
Size
6,525 SF
Type
Retail/Office
Term
Negotiable
Listing Agency:
Lee and Associates
Listed By:
Sandy Thorpe · License NC #296845
(910) 352-6787
Source:
Lee-associates
Added: Aug 8
Changed: Oct 25
Last Checked: Nov 8 at 4:20AM
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 Lee and Associates
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Investment Insights
Based on property information with market context.
The offering comprises 6,746 SF of second-generation retail and office space on the ground floor of River Place, a Class A mixed-use development completed in 2020. The premises are currently occupied by AXIS Fitness Training and sit below Ruth’s Chris Steak House, with Mellow Mushroom next door.
Located at 240 North Water Street in Wilmington, the property occupies the corner of Water Street and Chestnut Street within the downtown business and entertainment district. The setting is walkable to the Riverwalk, restaurants, retail, hotels, and other downtown amenities, with access to nearby parking and major thoroughfares.
Located at 240 North Water Street in Wilmington, the property occupies the corner of Water Street and Chestnut Street within the downtown business and entertainment district. The setting is walkable to the Riverwalk, restaurants, retail, hotels, and other downtown amenities, with access to nearby parking and major thoroughfares.
Key Highlights
- 6,746 SF of second‑generation retail and office space
- Ground‑floor premises in a Class A mixed‑use development
- Built in 2020
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,276
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Class A retail and office setting in a 2020 downtown mixed-use building.
Where is this mixed-use property located?
The property is located at 240 North Water Street Wilmington, NC.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 6,746 SF of second‑generation retail and office space; Ground‑floor premises in a Class A mixed‑use development; Built in 2020
