Retail and Hospitality
For Lease
Contact for pricing
404 51st Street, Wilmington, NC 28409
Multi-tenant building in New Hanover County with Oleander Road frontage.
Space SizeContact for details
Days on Market175
Property Features for 404 51st Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Lee & Associates - Raleigh Durham
(910) 352-6787
Listed By:
Sandy Thorpe
Source:
Lee-associates
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 26 at 7:07AM
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 & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
This multi-tenant retail and hospitality building is located in New Hanover County. The property, developed by East West Partners, offers 12,208 square feet of space. It features frontage on Oleander Road, providing high visibility and accessibility within a growing commercial and residential area. The property benefits from approximately 31,000 vehicles per day on Oleander Drive. Currently available is a 3,240 square foot end-cap space, which includes a grease trap.
Key Highlights
- Prime Oleander Road frontage offering high visibility.
- Located in the heart of New Hanover County.
- High traffic volume: 31,000 VPD on Oleander Drive.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 28409, NC
34,681
Population
14,821
Households
2.3
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
1,548
Density / Sq Mi
$108,241
Median Household Income
$54,254
Median Earnings
$1,445
Median Rent
$382,900
Median Home Value
Market
Lease Benchmarks for Wilmington, NC
$38.84 /SF/Yr
Avg Asking Price
$23.03–$53.18 /SF/Yr
Price Range
8,583 SF
Avg Space Size
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 - Multi-tenant building in New Hanover County with Oleander Road frontage.
Where is this retail space located?
The property is located at 404 51st Street Wilmington, NC.
What are key features of this property?
This property features: Prime Oleander Road frontage offering **high visibility**.; Located in the heart of New Hanover County.; High traffic volume: **31,000 VPD** on Oleander Drive.
