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Freestanding Restaurant Property

8232 Market, Wilmington, NC 28411

For Sale
$4,200,000

Renovated restaurant property with drive-through infrastructure, patio space, loading access, and municipal utilities.

Property SizeContact for details
Days on Market98

Property Features for 8232 Market

General Information

Standard status Active
Property subtype Commercial

Amenities

Central air
Concrete
Central Air Cooling
Electric Heating
Forced Air Heating
Heat Pump Cooling
Heat Pump Heating
Heating Heating
Level
Parking Lot

Building Details

Year Built 1999
Listing Agency: REAL BROKER LLC
Listed By: PINPOINT PROPERTIES
Source: Corcoran
Added: Aug 10 Changed: Nov 14 Last Checked: Nov 14 at 5:58AM

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 REAL BROKER LLC

Rey
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Investment Insights

Based on property information with market context.

This freestanding restaurant property at 8232 Market Street includes approximately 7,922 square feet on approximately 1.43 acres. Built in 1999 and extensively renovated in 2024, the building retains an operating restaurant layout with commercial kitchen infrastructure, outdoor patio space, loading access, ample parking, and existing drive-through improvements. Municipal utilities and natural gas serve the property, which is zoned B-1.

More than 150 feet of frontage along Market Street supports exposure to over 43,000 vehicles per day. The site offers access to I-140 and is near Walmart, Harris Teeter, Lowe’s, and other national retailers. Its existing configuration can accommodate continued restaurant use or the alternative commercial applications identified for the property, including medical or dental office, urgent care, fitness, childcare, specialty retail, brewery or taproom, event venue, entertainment, headquarters, showroom, and professional service concepts.

Key Highlights

  • Approximately 7,922‑square‑foot building on approximately 1.43 acres
  • Extensively renovated in 2024; originally built in 1999
  • More than 150 feet of frontage on Market Street with exposure to over 43,000 vehicles per day

Property Analytics

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Open Analytics

Current Use

J Michael's Philly ... Food Market

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Real Estate Agency Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby
Under-served
Demand for This Use

Demographics for 28411, NC

37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated restaurant property with drive-through infrastructure, patio space, loading access, and municipal utilities.
Where is this conventional restaurant located?
The property is located at 8232 Market Wilmington, NC.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Approximately 7,922‑square‑foot building on approximately 1.43 acres; Extensively renovated in 2024; originally built in 1999; More than 150 feet of frontage on Market Street with exposure to over 43,000 vehicles per day
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