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Renovated Office Space with Waterfront View
For Lease
$3,500/Mo

5 South Water Street, Wilmington, NC 28401

Move-in ready office space with Cape Fear River views.

Space Size2,150 SF
Property Size9,168 SF
Days on Market262

Property Features for 5 South Water Street

General Information

Standard status Active
Size 2,150 SF
Class B
Property subtype Office
Lease Type /mo
Lease Term NN

Building Details

Building Size 9,168 SF
Year Built 1890

Spaces For Lease

at 5 South Water Street Contact us

5 S Water Street Suite A $3,500/Mo

Size
2,150 SF
Term
Negotiable
Contact us

5 S Water Street Suite B $3,500/Mo

Size
2,150 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: SVN | Efird Commercial Real Estate
Listed By: Bryce Miller · License #NC #357018
Source: Svn
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: May 8 at 10:24PM

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 SVN | Efird Commercial Real Estate

Investment Insights

Based on property information with market context.

Available for rent are two renovated second-floor office spaces situated in the Central Business District of Wilmington, North Carolina. These spaces offer views of the Cape Fear River waterfront. The suites feature hardwood floors, an open floor plan, one bathroom, and storage closets. The spaces are move-in ready and pre-wired for cable and phone. Utilities include metered electrical service, with water and sewer services provided on a common basis. The property is located on Water Street, offering both office and retail space opportunities.

Key Highlights

  • Cape Fear River waterfront view
  • Located in Wilmington Central Business District (CBD)
  • Move‑in ready

Property Analytics

Current Use

Wine & Cocktails | Michael's (Bike/Boat/Book/etc) Store Mixto Restaurant Restaurant Michael's on the Waterfront Restaurant

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Butcher Florist

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

Location Intelligence

Trade Area within ½ mile

2,461
Businesses Nearby

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

Lease Benchmarks for Wilmington, NC

$56.89 /SF/Yr
Avg Asking Price
$19.44–$288 /SF/Yr
Price Range
5,317 SF
Avg Space Size

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Move-in ready office space with Cape Fear River views.
Where is this office units located?
The property is located at 5 South Water Street Wilmington, NC.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Cape Fear River waterfront view; Located in Wilmington Central Business District (CBD); Move‑in ready
More about this property
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