Government-Occupied Office
For Sale
Contact for pricing
414 Chestnut St, Wilmington, NC 28401
First-floor condominium occupied by the United States Probation Office in Wilmington’s Historic District.
Property Size5,475 SF
Days on Market143
Property Features for 414 Chestnut St
General Information
Standard status
Active
Size
5,475 SF
Property subtype
Office
Additional Details
Floor
1
Cap Rate
9.29%
Office Units
1
Building Details
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3276
Listed By:
Alex Mobin · License #01845973
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:52PM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This 5,475-square foot office condominium occupies the entire first floor of a 3-story building at 414 Chestnut Street. The single-tenant unit is occupied by the United States Probation Office for the Eastern District of North Carolina and is positioned at the hard corner of 5th Street and Chestnut Street in Wilmington’s Historic District.
The property sits between Downtown Wilmington, the Cape Fear riverfront, the University of North Carolina Wilmington, and the New Hanover Courthouse. Multiple retail shops, restaurants, and leisure-entertainment areas are within walking distance, including The Promenade. The offering includes a reported 9.29% going-in Capitalization Rate.
The property sits between Downtown Wilmington, the Cape Fear riverfront, the University of North Carolina Wilmington, and the New Hanover Courthouse. Multiple retail shops, restaurants, and leisure-entertainment areas are within walking distance, including The Promenade. The offering includes a reported 9.29% going-in Capitalization Rate.
Key Highlights
- 5,475‑square foot office condominium occupying the entire first floor
- Single‑tenant occupancy by the United States Probation Office – Eastern District of North Carolina
- Located at the hard corner of 5th Street and Chestnut Street
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,486
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
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Frequently Asked Questions
What type of property is this?
Office units - First-floor condominium occupied by the United States Probation Office in Wilmington’s Historic District.
Where is this office units located?
The property is located at 414 Chestnut St Wilmington, NC.
What are key features of this property?
This property features: 5,475‑square foot office condominium occupying the entire first floor; Single‑tenant occupancy by the United States Probation Office – Eastern District of North Carolina; Located at the hard corner of 5th Street and Chestnut Street
