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Renovated Multi-Room Office
For Lease
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516 Princess St, Wilmington, NC 28401

Full-service occupancy includes utilities and Wi-Fi, with private off-street parking near the courthouse.

Space Size750 SF
Days on Market179

Property Features for 516 Princess St

General Information

Standard status Active
Size 750 SF
Property subtype OFFICE
Lease Type Full Service

Space & Availability

Space Use Office
Condition Move-in Ready
Available From 2026-05-01
Private Offices 5

Additional Details

Utilities to Site Yes

Amenities

utilities included
wifi
private off street parking
antique heart pine plank floors
decorative fireplace
natural light

Spaces For Lease

at 516 Princess St Contact us

516 Princess Street $1,600/Mo

Size
750 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, On Available Date
FULL SERVICE LEASE! Superb location just a few blocks from the courthouse this office...
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Contact us
Listing Agency: Aloha Wilmington Real Estate
Listed By: Christian A. Cardamone · License #238762
Source: Moodyscre
Added: Mar 5 Changed: Aug 29 Last Checked: Aug 29 at 8:56PM

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 Aloha Wilmington Real Estate

Investment Insights

Based on property information with market context.

This 750-square-foot office unit occupies the rear portion of a historic cottage converted for professional use. The layout includes five private, secure rooms, antique heart pine flooring, a decorative fireplace, and abundant natural light in the main office. Recent renovation and updates support immediate office operations.

The property is located a few blocks from the courthouse in downtown Wilmington, with convenient walkable access to surrounding destinations. One to two unassigned off-street parking spaces are provided, and the full-service lease includes utilities and Wi-Fi. The front portion of the building is used as a satellite law office. Availability begins May 1, 2026.

Key Highlights

  • 750 square feet in a historic cottage converted to office use
  • Five private, secure rooms for professional office operations
  • Recently renovated and updated office interior

Property Analytics

Current Use

Waters Andrew L Law Firm Moon Tides Acupuncture Medical Clinic

Suggested Use

Top Pick Garden Center Auto Parts Store (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Building Supply

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.84 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,581
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

$54.5 /SF/Yr
Avg Asking Price
$18.43–$288 /SF/Yr
Price Range
5,945 SF
Avg Space Size

This space is priced 53% below the average of $54.5 /SF/Yr.

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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Full-service occupancy includes utilities and Wi-Fi, with private off-street parking near the courthouse.
Where is this office units located?
The property is located at 516 Princess St Wilmington, NC.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: 750 square feet in a historic cottage converted to office use; Five private, secure rooms for professional office operations; Recently renovated and updated office interior
(910) 262-3399 Call to check price and availability
More about this property
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