Retail and Warehouse Flex
For Lease
Contact for pricing
48 S Kerr, Wilmington, NC 28403
High-traffic flex space combining retail presence with warehouse-style distribution along S Kerr Ave.
Space Size13,325 SF
Days on Market119
Property Features for 48 S Kerr
General Information
Standard status
Active
Size
13,325 SF
Property subtype
RETAIL
Lease Type
NNN
Additional Details
Traffic Count
21,666 vehicles/day
Spaces For Lease
at 48 S Kerr
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 is prominently featured at the corner of S Kerr ave and Market Street. This unit used to be a furniture showroom, sales and warehouse/distribution space.
There are two overall spaces. The Retail Area in the front is 7,717+/- SF. The rear warehouse is 5,068 +/- SF.
The front two units are connected by a double door in the rear of the space, they have a double door that opens to the exterior as well. The space has a good store front with 4 dedicated parking spaces.
The shopping center it is a part of North 17 Plaza is home to Cititrends as a major tenant and landmark for people to recognize. Adjacent to the property we have Planet Fitness and Dollar General.
Across the Street is a Food Lion Grocery Center. Being Developed to the north and to the west is an apartment complex fronting on market street and then another apartment complex that is featured on Cinema Drive, where the old Carmine movie theater was.
Contact us
Listing Agency:
Noble Commercial Real Estate Group
Listed By:
Nicholas Silivanch · License #263168
(910) 617-8296
Source:
Moodyscre
Added: Jun 23
Changed: Oct 1
Last Checked: Oct 16 at 10:20AM
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
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Investment Insights
Based on property information with market context.
This property offers a combination of retail and warehouse space designed for tenants that need both storefront exposure and distribution capability. The layout supports a functional mixed-use operation where customer-facing activity can coexist with back-of-house storage and logistics needs.
The site is located on S Kerr Ave in Wilmington, NC, positioned in a high-traffic area. Market Street is reported at 41,899 cars per day, and S Kerr Ave is reported at 21,666 cars per day, with S Kerr operating as a minor north/south traffic artery in the market.
For operators considering a presence in Wilmington, this configuration can fit businesses that require retail visibility while maintaining on-site warehouse space for distribution. The property’s traffic-driven location supports everyday customer access and helps support retail components of a distribution-oriented business model.
The site is located on S Kerr Ave in Wilmington, NC, positioned in a high-traffic area. Market Street is reported at 41,899 cars per day, and S Kerr Ave is reported at 21,666 cars per day, with S Kerr operating as a minor north/south traffic artery in the market.
For operators considering a presence in Wilmington, this configuration can fit businesses that require retail visibility while maintaining on-site warehouse space for distribution. The property’s traffic-driven location supports everyday customer access and helps support retail components of a distribution-oriented business model.
Key Highlights
- Retail and warehouse space on S Kerr Ave in Wilmington, NC.
- High traffic area with 41,899 cars per day on Market Street.
- S Kerr Ave sees 21,666 cars per day.
Property Analytics
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Open Analytics
Current Use
Lease Details
21,666 VPD
Traffic count
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Lease Benchmarks for Wilmington, NC
$22 /SF/Yr
Avg Asking Price
$18.43–$23.54 /SF/Yr
Price Range
11,127 SF
Avg Space Size
This space is priced 32% below the average of $22 /SF/Yr.
Vacancy Rate% for Industrial in South region
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 - High-traffic flex space combining retail presence with warehouse-style distribution along S Kerr Ave.
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: Retail and warehouse space on S Kerr Ave in Wilmington, NC.; High traffic area with 41,899 cars per day on Market Street.; S Kerr Ave sees 21,666 cars per day.
