Freestanding Retail Building Corner
For Sale
Contact for pricing
722 17th St, Wilmington, NC 28401
Built in 2014, this retail-ready freestanding building sits on a 1.5-acre corner lot with broad UMX mixed-use zoning.
Property Size10,088 SF
Lot Size1.50 Acres
Price / SF$262.69
Days on Market33
Property Features for 722 17th St
General Information
Standard status
Active
Size
10,088 SF
Lot size
1.50 Acres
Property subtype
RETAIL
Zoning
UMX
Building Details
Year Built
2014
Listing Agency:
Lee and Associates
(910) 352-6787
Listed By:
Alexander Thorpe · License #272469
(910) 352-6787
Source:
Moodyscre
Added: Jun 29
Changed: Jul 28
Last Checked: Jul 30 at 2:19PM
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 Lee and Associates
Investment Insights
Based on property information with market context.
This freestanding retail building offers a retail-ready interior and was built in 2014. The property totals 10,088 SF and sits on a 1.5-acre corner lot.
The site is located at the intersection of Wooster St and S. 17th St in Wilmington’s Cargo District. Zoning is UMX under the Wilmington LDC, with a broad set of permitted uses that include retail, restaurant, office, hotel, brewery, fitness, live-work, and residential above commercial, among others.
With its size and mixed-use zoning flexibility on a corner development site, the property also presents redevelopment potential for a mixed-use project on the 1.5 acres.
The site is located at the intersection of Wooster St and S. 17th St in Wilmington’s Cargo District. Zoning is UMX under the Wilmington LDC, with a broad set of permitted uses that include retail, restaurant, office, hotel, brewery, fitness, live-work, and residential above commercial, among others.
With its size and mixed-use zoning flexibility on a corner development site, the property also presents redevelopment potential for a mixed-use project on the 1.5 acres.
Key Highlights
- 10,088 SF freestanding building built in 2014 in retail‑ready condition
- 1.5‑acre corner lot on Wooster St & S. 17th St
- UMX zoning with broad permitted uses under the Wilmington LDC
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.6k | $15.72 |
| − Vacancy | −$16.3k | −$1.62 |
| EGI | $142.2k | $14.10 |
| − OpEx | −$42.7k | −$4.23 |
| NOI | $99.6k | $9.87 |
10,088 SF · lease $15.72/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,574 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$123.52M
$108.08M – $144.11M
NOI $8,646,515 @ 7.0% cap · market cap 326.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,152
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Built in 2014, this retail-ready freestanding building sits on a 1.5-acre corner lot with broad UMX mixed-use zoning.
Where is this retail space located?
The property is located at 722 17th St Wilmington, NC.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 10,088 SF freestanding building built in 2014 in retail‑ready condition; 1.5‑acre corner lot on Wooster St & S. 17th St; UMX zoning with broad permitted uses under the Wilmington LDC
