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    7241 Market St Wilmington, NC 28411

    Sponsored
    For Lease
    $30 SF/Yr

    Prime Wilmington location, multiple spaces available.

    Lot size:
    27,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property in Wilmington, NC's thriving Middle Sound West district offers 27,200 square feet of versatile space ideal for retail, office, or restaurant use. Located at 7241 Market St, this multi-tenant building provides three available spaces ranging from 2,000 to 12,000 square feet, catering to a variety of business needs. Situated in the rapidly growing northern area of New Hanover County, the property benefits from high visibility and convenient access via Market Street and Lendire Road, with easy connections to Military Cutoff Road. The development's strategic location draws significant traffic from both residents and professionals, offering businesses unparalleled exposure. This mixed-use development is designed to meet the demands of modern entrepreneurs and retail enthusiasts. While the site plan, building sizes, and placement are subject to change, this presents a unique opportunity to establish a prominent presence in a dynamic and expanding area of Wilmington. The property's classification as a "Creative Office" space suggests a modern and adaptable layout suitable for innovative businesses. The zip code is 28411.

    Property Features for 7241 Market St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,200 SF
    Total Rate
    68000

    Unit(s) available at that property

    Space
    Middle Sound West Commercial District
    Size
    12,000 SF
    Rate per SF
    $30
    Space
    Middle Sound West Commercial District
    Size
    3,200 SF
    Rate per SF
    $36
    Space
    Middle Sound West Commercial District
    Size
    12,000 SF
    Rate per SF
    $36

    HighLights

    • 28,000 square feet of combined retail, restaurant, and office space available in Phase 1.
    • Located in the rapidly growing northern New Hanover County, offering convenient access for residents and professionals.
    • Three main access points from Market Street and Lendire Road, providing easy access to Military Cutoff Road.
    • Ideal location for businesses seeking high visibility and accessibility in a thriving area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drobny Medical Group Medical Group Parker’s Alternator Car Repair And Maintenance Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.818111
    Latitude
    34.276214

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    FAQs

    What type of property is this?
    Restaurant - Prime Wilmington location, multiple spaces available.
    Where is this restaurant located?
    The property is located at 7241 Market St Wilmington, NC.
    What is the lease rate?
    The lease rate is $30-$36 SF/Yr.
    What are key features of this property?
    This property features: 28,000 square feet of combined retail, restaurant, and office space available in Phase 1.; Located in the rapidly growing northern New Hanover County, offering convenient access for residents and professionals.; Three main access points from Market Street and Lendire Road, providing easy access to Military Cutoff Road.
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    Wilmington, NC 28411
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7241 Market St Wilmington, NC 28411
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