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Flex Space With Retail Frontage
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48 S Kerr, Wilmington, NC 28403

Connected front retail and rear warehouse areas include exterior double-door access.

Space Size13,325 SF
Days on Market43

Property Features for 48 S Kerr

General Information

Standard status Active
Size 13,325 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 48 S Kerr Contact us

13,325 SF Sales and Warehouse Unit MidTown Wilmington NC $15/SF/Yr

Size
13,325 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
This unit is located on S Kerr Ave in the middle of Wilmington NC. The property overall...
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Listing Agency: Noble Commercial Real Estate Group
Listed By: Nicholas Silivanch · License #263168
Source: Moodyscre
Added: Jul 1 Changed: Aug 10 Last Checked: Aug 11 at 1:21PM

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 Noble Commercial Real Estate Group

Investment Insights

Based on property information with market context.

This flex space combines a 7,717-square-foot front retail area with a 5,068-square-foot rear warehouse. The two front units connect through a rear double door, and an additional double door provides exterior access. The storefront includes four dedicated parking spaces and can accommodate the property’s established retail and warehouse/distribution configuration.

The space is part of North 17 Plaza at the corner of S Kerr Avenue and Market Street in Wilmington. Cititrends is a major tenant within the center, while Planet Fitness and Dollar General are adjacent. A Food Lion grocery center is across the street. Apartment projects are being developed to the north and west, including one fronting Market Street and another along Cinema Drive.

Key Highlights

  • 7,717 SF front retail area paired with a 5,068 SF rear warehouse
  • Rear double door connects the two front units
  • Additional exterior double‑door access

Property Analytics

Current Use

U-Haul Neighborhood Dealer Car Rental Facility Mattress and Furniture Liquidators Furniture & Home Goods

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Storage Facility Electrical Service HVAC Service

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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,499
Businesses Nearby
Balanced
Demand for This Use

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

$21.13 /SF/Yr
Avg Asking Price
$19.44–$23.54 /SF/Yr
Price Range
12,745 SF
Avg Space Size

This space is priced 29% below the average of $21.13 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Musser Seafood & Barbecue 4240 Market St, Wilmington, NC 28403
  • Chef Driven Wilmington and surrounding areas, Wilmington, NC 28405

Frequently Asked Questions

What type of property is this?
Flex space - Connected front retail and rear warehouse areas include exterior double-door access.
Where is this flex space located?
The property is located at 48 S Kerr Wilmington, NC.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 7,717 SF front retail area paired with a 5,068 SF rear warehouse; Rear double door connects the two front units; Additional exterior double‑door access
(910) 617-8296 Call to check price and availability
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