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Mixed-Use Retail Office Building
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2705 Market St, Wilmington, NC 28403

Ground-floor retail can be demised into one to three units, with open office space on the second floor.

Property Size11,652 SF
Days on Market137

Property Features for 2705 Market St

General Information

Standard status Active
Size 11,652 SF
Property subtype OFFICE
Lease Type SF/yr

Building Details

Stories 2
Tenancy Multi
Listing Agency: Nest Realty
Listed By: Eric Knight · License #278908
Source: Moodyscre
Added: Mar 18 Changed: Jul 26 Last Checked: Jul 31 at 9:10AM

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 Nest Realty

Investment Insights

Based on property information with market context.

The Market Exchange is an adaptive reuse property offering approximately 1,770 to 11,652 RSF of retail and office space. The ground floor can be demised into one to three units, providing flexible options for multiple tenants. The second floor includes approximately 5,933 RSF of open office space. Wired storage space of approximately 1,860 SF is also available at the rear of the building, either at an additional rate for future tenants or leased by a separate user.

The building is positioned in the highly visible Market St. corridor, supporting day-to-day customer and tenant traffic.

Overall, the configuration supports a mix of street-level retail and larger open-plan office space, with the option to add rear wired storage as needed.

Key Highlights

  • +/- 1,770 to 11,652 RSF retail and office space in the Market St. corridor
  • Ground floor retail can be demised into one to three units
  • Second floor features 5,933 RSF of open office space

Property Analytics

Current Use

Office Furniture Salvage Furniture & Home Goods

Suggested Use

Top Pick Dental Office Real Estate Agency Hair Salon Nail Salon Law Firm Restaurant

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,019
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

Lease Benchmarks for Wilmington, NC

$57.08 /SF/Yr
Avg Asking Price
$21.19–$288 /SF/Yr
Price Range
1,988 SF
Avg Space Size

This space is priced 68% below the average of $57.08 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Ground-floor retail can be demised into one to three units, with open office space on the second floor.
Where is this office units located?
The property is located at 2705 Market St Wilmington, NC.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: +/- 1,770 to 11,652 RSF retail and office space in the Market St. corridor; Ground floor retail can be demised into one to three units; Second floor features 5,933 RSF of open office space
(910) 367-2253 Call to check price and availability
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