Ground-Floor Mixed-Use
New
For Lease
$30 SF/Yr
240 North Water Street, Wilmington, NC 28401
Class A retail and office setting in a 2020 downtown mixed-use building.
Space Size6,746 SF
Property Size34,000 SF
Days on Market3
Property Features for 240 North Water Street
General Information
Standard status
Active
Size
6,746 SF
Net Rentable
6,746 SF
Class
A
Property subtype
Retail
Lease Type
SF/yr
Lease Term
NNN
Space & Availability
Available Space
6,746 SF
Contiguous Space
6,746 SF
Floor
Ground
Space Use
Retail
Condition
Second Generation
Lease Terms
Lease Rate
$30 /USD/SF/YR
Monthly Rent
$16,865
Rent per SF/Year
$30
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Ruth's Chris Steak House, Mellow Mushroom
Road Access
Yes
Building Details
Building Size
34,000 SF
Year Built
2020
Tenancy
Multi
Spaces For Lease
at 240 North Water Street Contact us- Size
- 6,746 SF
- Type
- Retail/Office
- Term
- Negotiable
240 N Water St $30/SF/Yr
Listing Agency:
Lee and Associates
(910) 352-6787
Listed By:
Sandy Thorpe
Source:
Lee-associates
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:53AM
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
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
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
2,268
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
